A look at the key anti-money laundering requirements for covered institutions and individuals operating in United Kingdom, including compliance and due diligence considerations.
European Commission takes key step towards free flow of data to the UK | Hogan Lovells jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
February 1, 2021
For the third consecutive year, following the publication of Gibson Dunn’s ninth annual U.S. Cybersecurity and Data Privacy Outlook and Review on Data Privacy Day, we offer this separate International Outlook and Review.
Like many recent years, 2020 saw significant developments in the evolution of the data protection and cybersecurity landscape in the European Union (“
EU”):
CJEU” or “
Court”) struck down as legally invalid the EU-U.S. Privacy Shield, on which some companies relied to transfer personal data from the EU to the U.S. While companies are turning to other frameworks to transfer personal data, such as Standard Contract Clauses (“
13 January 2021 – EU supervisory authorities response to UK cross-border transfers
Following the finalisation of the TCA, a number of supervisory authorities in the EU issued statements in response. In addition, on 13 January 2021, the European Data Protection Board (
EDPB) issued updated versions of its Brexit information note and statement. The amendments in both documents reflect the provisions of the TCA allowing free flow of personal data from the EU and EEA countries to the UK during a period of six months during which the European Commission is expected to adopt an adequacy decision in relation to the UK.
The information note is available here and statement here.