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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-03-09T15:32:00
The U.K. government formally introduced a bill to reform the country’s data privacy laws in a manner projected to save British businesses “billions.”
The Data Protection and Digital Information Bill was put forward by Technology Secretary Michelle Donelan on Wednesday. The bill, originally announced in June, seeks to reduce what the United Kingdom believes to be unnecessary burdens on businesses under the European Union’s General Data Protection Regulation (GDPR).
Changes under the bill would include scaling back processing record requirements, reducing the amount of cookie banners, and simplifying the legal requirements around obtaining consent over the use of personal data to carry out medical and scientific research. Companies’ use of automated decision-making technologies like artificial intelligence would be encouraged through greater clarity around safeguards for consumers.
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News and analysis for the well-informed compliance or audit exec.
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2023-04-24T14:05:00Z By Neil Hodge
Despite suggestions the European Union could look to the United Kingdom when considering future changes to the General Data Protection Regulation, legal experts question the impact planned U.K. reforms to the privacy law will have on multinational businesses.
2023-04-04T20:12:00Z By Adrianne Appel
Social media platform TikTok was fined £12.7 million (U.S. $15.9 million) by the U.K. Information Commissioner’s Office for using the personal data of children without parental consent and other violations of data protection mandates.
2023-03-08T13:00:00Z By Neil Hodge
The U.K. Information Commissioner’s Office began publishing the details of cases where organizations breached the General Data Protection Regulation but were not fined. Legal experts share their take on the initiative.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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