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January 21, 2021
ICO analysis of the transfer of personal data from UK based firms to the US Securities and Exchange Commission for organisations
See here.
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January 20, 2021
The Legal Sector Affinity Group has published draft updated guidance following the implementation of the 5th EU AML directive in January 2020
Published in draft form, pending approval from HM Treasury.
See here.
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January 18, 2021
Check if you need to tell HMRC about a cross-border arrangement – GOV.UK
DAC6 and the International Tax Enforcement (Disclosable Arrangements) Regulations 2020 reporting portal is now open.
At present only the XML file upload facility is available. The manual reporting tool is expected to be available shortly. The facility for agents to report on behalf of their clients is not currently available. Those who are registered as agents may still report in their own capacity, if they themselves are intermediaries or relevant taxpayers.
See here.
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January 13, 2021
The Sedona Conference Commentary on the Enforceability in U.S. Courts of Orders and Judgments Entered under GDPR
See here.
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January 12, 2021
Secretariat Consulting PTE Ltd & Others v A Company [2021] EWCA Civ 6
Conflicts of interest and expert witnesses: Decision in A v B [2020] EWHC 809 (TCC) upheld on different grounds. Although an expert may owe fiduciary duties, including a duty of loyalty and a duty to avoid conflicts of interest, the contractual terms of appointment contained express provisions on conflicts which were breached on the facts. The decision also reviews issues involving associated companies and contains a review of cases on solicitors’ conflicts of interest.
See here.
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January 8, 2021
The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020
DAC6/Mandatory Disclosure Rules (MDR)
The International Tax Enforcement (Disclosable Arrangements) (Amendment) (No. 2) (EU Exit) Regulations 2020 amend the reporting obligations following Brexit.
See here.
Further information is contained in our January 2021 Risk Update.
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January 4, 2021
Office of Financial Sanctions (OFSI) notice of changes to sanctions regimes which will now be implemented through UK regulations
See here.
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January 4, 2021
Information Commissioner’s Office – Updated guidance on international transfers post-Brexit
See here.
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December 22, 2020
SRA Guidance: UK’s Exit from EU – the end of the implementation period and beyond
See here.
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December 18, 2020
Financial Action Task Force (FATF) – Update: COVID-19-Related Money Laundering and Terrorist Financing Risks
See here.
