We only need what we need

I was on the train with a guy on Friday night. It was the 11.00pm from London to Manchester. I was looking forward to a few episodes of the Crown and a snooze before arriving at Manchester at 2.00am. This fella was having none of it. I was on my own in the carriage when he burst in. Making noise, swearing – “Where is the f**king luggage rack” “I don’t give a f**k, my business turns over £2m a year”. I’d not been quick enough getting my headphones on, and frankly was a bit intimidated so when he asked me to look after his stuff while he went “for a slash” I said fine. His next question was “Are you self-made?” Well, I considered quickly how to answer this question, I’m certainly not there yet

GDPR six months on……

It’s been six months since GDPR came into effect on 25th May. Despite the Y2K like panic in the run up to May, the world did not come crashing down and despite some high profile data breaches, the ICO is yet to issue its first fine under the new regime. But what has happened in the last 6 months and what is still to come? ICO updates Over the last six months the ICO have made several updates to their online guidance, including – A more comprehensive and in-depth analysis of what constitutes personal data has been added to the online guide and also a separate detailed publication(https://ico.org.uk/for-organisations/guide-to-the-general-data-protection-regulation-gdpr/key-definitions/what-is

The new transparency rules: what you need to know

The Legal Services Board have recently approved the SRA’s proposed rule changing in relation to price transparency. What does this mean for your law firm and how are you going to ensure you comply with the new rules by the December 2018 deadline? Under the new rules, firms will be required to: Publish on their website price and service information for specified legal services: Debt recovery (up to £100,000) Employee and Employer tribunal claims (unfair/wrongful dismissal) Immigration Licensing applications for business premises Probate Residential conveyancing Road traffic Offences The rules do not apply for publicly funded work. The aim of the changes is to assist clients by providing clari

Latest Cybercrime risks to the legal sector and how to manage them

A recent report produced by the National Cyber Security Centre (NCSC) highlights the need for even the smallest firms to undertake a cyber threat risk assessment and implement effective controls. The report cites a 2017 PricewaterhouseCoopers Law Firm survey, in which 60% of law firms reported an information security incident in the last year, up from 42% in 2014. The report also cites SRA reports that over £11 million of client money was stolen due to cyber related crime in 2016. The report ‘Cyber threat to the UK Legal Sector’ sets out, through case studies, the latest cyber security threats that are of particular relevance to the legal sector. The report also identifies practical steps f

New Government focus on AML

When I decided to start ABC and Teal I was very clear about one thing. I will not scaremonger, use fear to sell our services. In compliance there are serious consequences for failing, massive fines in Data Protection and custodial sentences in AML, not to mention striking off by the SRA! But you all know those things. You don’t need me to tell you that compliance needs to be effective in your firm to mitigate the risks of these consequences. The consequences often seem very remote - unlikely, not something that will apply to me - and I think that is correct most of the time. However, I have woken this morning to more criticism of our profession by Ben Wallace, Security Minister, saying solic

Featured Posts
Recent Posts
Archive
© 2020 Teal Compliance Limited.
Teal Compliance Ltd, Registered Office, Spark Studio, 208 Great Clowes St, Salford M7 2ZS
Terms and Conditions      PRIVACY POLICY
  • Facebook - Grey Circle
  • Twitter - Grey Circle
  • LinkedIn - Grey Circle