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February 26, 2021
IBM Cost of a Data Breach report 2020
See here.
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February 26, 2021
OECD report – Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes
The report includes recommendations on “targeting professional enablers and disrupting their activities.”
See here.
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February 25, 2021
Office for Professional Body Anti-Money Laundering Supervision (OPBAS) Sourcebook for professional body anti-money laundering supervisors
Addendum added with guidance on prohibitions and approvals of applications to be a beneficial owner, officer or manager of a firm (BOOM), or a relevant sole practitioner (SP). (January 2021)
See here.
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February 25, 2021
Law Society report: Climate change risks – the future of law as we know it?
As many of the larger firms are establishing Environmental, social and governance (ESG) practice areas, the report provides an introduction to the areas of risk and evolving roles for and demands on the legal profession
See here.
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February 24, 2021
Law Society Practice Note – Handling complaints (registration required)
See here.
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February 23, 2021
Transparency International has published the 2020 Corruption Perceptions Index (28 January 2021)
See here.
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February 22, 2021
Data protection: draft UK adequacy decision
See here.
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February 19, 2021
Law Society of Scotland: Anti-Money Laundering Supervisory Report 2021
The report provides a review of the Society’s AML supervisory work, inspections, and regulatory action taken, including ten referrals to the Scottish Legal Complaints Commission (SLCC) and one to the Crown Prosecution Service between January 2019 and August 2020. Trust and Company Service Provider activities give rise to a number of issues, and in excess 5,000 registered offices were provided, including ownership in B.V.I, Nigeria, China, Estonia, Korea, Seychelles and Singapore. Over 250 conveyances were linked to Politically Exposed Persons.
See here.
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February 17, 2021
The Sedona Conference Commentary on a Reasonable Security Test. This includes analysis of three data breach scenarios and the reasonableness of information security measures.
See here.
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February 16, 2021
Chartered Institute of Taxation Anti-Money Laundering Supervisory Risk Assessment
See here.
