Here is the February issue of BDO’s “Safe Company” alert.
As always, we have tried to include what is, in our opinion, the most current and interesting information on counteracting money laundering and terrorist financing (AML), as well as on cybersecurity and personal data protection.
This time we want to draw your attention to as many as four announcements that have been made by the General Inspector of Financial Information (GIIF) and are important from the perspective of AML regulations. Although not binding in nature, they are extremely significant when it comes to interpreting AML regulations. We will discuss those announcements in more detail in the upcoming issues of our alert.
We would also like to direct your attention to a decision issued by the Office for the Protection of Personal Data (UODO), which indicates that the mere lack of response to a letter sent by the UODO to a trader is viewed as failure to cooperate and as such subject to financial administrative fines.
We would also like to highlight cybersecurity related matters, as they should always remain of interest to businesses. This time we have focused primarily on new CERT recommendations on password-based authentication systems.
We hope that the information presented in the alert will be useful and will make it easier to navigate cybersecurity related regulations and legislative trends.
As always, we wish you a pleasant read, and should you need more or more detailed information, please don’t hesitate to contact our company and experts.
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