The UK will be considered a “third country” as soon as it leaves the European Union (EU), which will potentially affect personal data exchanges with the UK, the EC’s consumer directorate has said in a Notice to Stakeholders. In view of the “considerable uncertainties”, particularly concerning the content of a possible withdrawal agreement, the notice said […]

Data breaches that arise after new EU data protection laws take effect but which stem from security flaws that were known about prior to then will be enforced under the General Data Protection Regulation (GDPR), the UK’s data protection watchdog has said. The Information Commissioner’s Office (ICO) clarified the position in a blog about the […]

The European Union Financial Sanctions (Amendment of Information Provisions) Regulations 2017 (the regulations) came into force on 8 August. The regulations extend to independent legal professionals and other relevant businesses or professionals the requirement to inform the Office of Financial Sanctions Implementation (OFSI) of known or suspected financial sanctions breaches. (An independent legal professional is defined in […]

Businesses in the UK — whether B2B or B2C — are racing against the clock to get ready for the General Data Protection Regulation (GDPR), coming into force on May 25, 2018. Even though the UK has opted to leave the EU after GDPR was agreed upon, the rules still apply. In fact, it will […]

The vast majority of FTSE 350 and Fortune 500 believe they are well on track when it comes to complying with GDPR regulations – underestimating the enormous task facing them. A survey of 100 FTSE 350 General Counsel and Chief Security Officers, and 100 Fortune 500 GCs and CSOs by law firm Paul Hastings found […]

The Bank of England will allow European banks to continue operating without creating expensive subsidiaries after Brexit, the BBC reported, the opening gambit in a tussle with the EU over London’s position as a top global financial hub. The BoE’s decision, if confirmed, would mean European banks offering wholesale services would not face new hurdles […]

Billions of pounds have been laundered through the City of London, despite Britain remaining one of the safest and cleanest places in the world to do business, the home secretary has said. Amber Rudd issued the warning as she announced plans for a new national economic crime centre, with the power to task the Serious Fraud […]

More than 5 million people in the UK could be entitled to compensation from Google if a class action against the internet giant for allegedly harvesting personal data is successful. A group led by the former executive director of consumer body Which?, Richard Lloyd, and advised by City law firm Mishcon de Reya claims Google unlawfully collected […]