The Cordery team has considerable experience of compliance issues in financial services including setting up policies, training and remediation work – for example assisting with conducting internal investigations. The type of projects we handle include:
- Internal investigations support
- Data protection advice including advice on:
- Know your client and anti-money laundering procedures
- Background checking employees
- Compliance monitoring
- Third party relationships
- Privacy Impact Assessments
- Data handling reviews
- Anti-bribery, gifts and hospitality – policies and training
- Anti-money laundering procedures and training
- Sanctions
- Cyber security and data breach issues
- Social media policies, disclosures and training
- Reputation management
- Safe Harbor
- Cyber insurance
- Fraud tracking and reporting
- Right to be forgotten
Experience
Recent projects members of our team have completed include:
- Putting in place new anti-money laundering and know your client procedures for a B2B financial services provider
- Advice on data transfer for a leading North American bank
- Advising on data subject access requests
- Advising on consents and data processing wording, particularly relating to credit checking
- Carrying out a data handling review for a peer to peer business funding organisation, including interviewing staff across the business and recommending improvements
- Defending right to be forgotten claims brought against organisations in the financial services sector
- Advising on sanctions
- Developing a Data Protection Impact Assessment (DPIA) process for a well known client in financial services. This process is used to risk assess all of their new uses of personal data including new financial services products coming on stream.
- Advising a well known financial services provider on their data security. The project involved writing policies and procedures to deal with breaches and assisting them with rehearsals for their response team. The policies and procedures take into account multiple reporting obligations including to financial services regulators
- Advising insurers on cyber security risks
- Preparing a detailed report for a client on the financial services implications of the proposed General Data Protection Regulation (GDPR)
- Preliminary advice in connection with data storage laws in a number of European jurisdictions and Russia
- Assisting a financial institution in connection with enhanced due diligence regarding a potential transaction in Nigeria
- Advising on a system to collect micro payments for m-Commerce
- Advising a leading bank on employee conflict declaration procedures
Current issues video
We have made a short (less than 3 minutes) film on some of the main concerns for financial services providers operating in the UK. You can see that film below or on our YouTube channel.