Tagged: data privacy

Episode 20 — Data Security and Privacy Compliance

Companies face increasing challenges from management and protection of data from hackers and breaches of sensitive commercial and personal data.  Recent headlines have underscored the threats to companies from such breaches.  The risk of reputational harm to companies is serious.  Complaince departments are starting to play an increased role in mitigating these serious risks. In this episode, Michael Volkov and Lauren Connell, Managing Associate from...

May 2018: D-Day for FinCEN Customer Due Diligence and EU’s General Data Privacy Regulations

Chief compliance officers for financial institutions are going to have a rough May 2018. First, on May 11, 2018, the new CDD Rule for beneficial ownership becomes effective.  Two weeks later, on May 25, 2018, the EU’s General Data Protection Regulation becomes effective. FinCEN CDD Rule FinCEN’s new Customer Due Diligence rules will have a significant impact on the collection of beneficial ownership information and...

Episode 14 — What Every Compliance Officer Needs to Know About Data Privacy and the EU’s GDPR

Compliance officers have to be mindful of new and emerging threats.  In the past few years, cyber security and data privacy have been quickly rising as new and significant threats that corporations face in the global marketplace. The European Union has adopted a far-reaching new regulatory regime applicable to companies that conduct business in the European Union and collect any sensitive data relating to EU...

What Compliance Needs to Know About Data Privacy and Security

Lauren Connell, Managing Associate at The Volkov Law Group, rejoins us for a post on data privacy and compliance.  Lauren can be reached at lconnell@volkovlaw.com. You don’t have to be a tech-savvy computer genius to address the basics of data privacy. Like many areas which compliance departments oversee, asking the right question and getting the right internal controls in place are the most important first...