VinciWorks 10-year special report: A Decade of Compliance - VinciWorks

VinciWorks 10-year special report: A Decade of Compliance

It is incredible to think that it has been 10 years since 14 fiercely competitive law firms got together as the Online Compliance Consortium (OCC) to jointly develop an AML course. That moment began a journey of collaborative development, which has continued to create great compliance solutions and set global standards.

Based on the principle that there is no competitive advantage in compliance, the OCC has grown to include over 150 leading firms. The OCC has developed over 50 compliance courses and collaboratively built state-of-the-art learning, compliance and risk management solutions.

To mark the occasion of our tenth anniversary, we have created the VinciWorks 10-year report: A Decade of Compliance.

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Including articles by Nick Cray, COO of Hogan Lovells, and renowned BBC legal correspondent, Joshua Rozenberg, this report reflects on VinciWorks’ efforts to create a safer, fairer and more honest world. The report celebrates the strides we have taken so far and offers a roadmap for managing compliance and risk issues into the future.

We hope that you enjoy reading it as much as we enjoyed writing it.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

“In a world older and more complete than ours they move finished and complete, gifted with extensions of the senses we have lost or never attained, living by voices we shall never hear.”

James

VinciWorks CEO, VInciWorks

Spending time looking for your parcel around the neighbourhood is a thing of the past. That’s a promise.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

How are you managing your GDPR compliance requirements?

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.

GDPR added a significant compliance burden on DPOs and data processors. Data breaches must be reported to the authorities within 72 hours, each new data processing activity needs to be documented and Data Protection Impact Assessments (DPIA) must be carried out for processing that is likely to result in a high risk to individuals. Penalties for breaching GDPR can reach into the tens of millions of Euros.