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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

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Book a demo

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Managing Privacy Compliance Across Multiple Jurisdictions

Managing Privacy Compliance Across Multiple Jurisdictions

Punit Bhatia

15 years: Data privacy & GDPR

In video 8 of this 10 part series, Punit introduces the key success factors to managing privacy compliance in a company that operates in multiple countries. He also describes a step-by-step process to ensure clarity, context and therefore consistency among companies with teams based worldwide.

In video 8 of this 10 part series, Punit introduces the key success factors to managing privacy compliance in a company that operates in multiple countries. He also describes a step-by-step process to ensure clarity, context and therefore consistency among companies with teams based worldwide.

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Managing Privacy Compliance Across Multiple Jurisdictions

8 mins 3 secs

Overview

For companies operating in multiple countries it is essential to set the tone from the top and make privacy compliance a priority. A privacy policy allows a company operating in multiple countries to set the right expectations and makes it easier for management and staff to know about privacy obligations that need to be met. Privacy compliance is a continuous journey which requires resources and governance to be foreseen.

Key learning objectives:

  • Identify the key success factors for a company that operates in multiple countries

  • Outline the five steps to achieve the key success factors

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Summary

What are the key success factors for a company that operates in multiple countries?

An organisation that operates in multiple countries wants all business units and staff to follow the strategic vision and direction of the company.

The key success factors for a company involve:

  1. Consistency - All teams and employees across the globe follow a consistent approach
  2. Clarity - All teams and employees know what is expected by the corporate office and what their role is
  3. Context - What does the corporate office want? and why?

What are the five steps to achieve the key success factors?

Step 1: Privacy Policy: This is typically done after reviewing the countries your organisation operates, the privacy laws and obligations exist there, and making an overall summary of all the key requirements of your privacy policy. Once this privacy policy is created, it can be validated by the executive team and or management board.

Step 2: Create Awareness: Once a privacy policy has been validated, it is essential to create awareness amongst all levels of management across countries so that they understand what the policy is all about, what is expected and why.

Step 3: Conduct an Assessment: With the privacy policy of the company now known, it is the time to create an assessment across each business unit and identify where the gaps are, and what risks exist. This is an essential step that moves your company a step closer to becoming compliant.

Step 4: Create a Project or program to close the gaps: Once the assessment is complete, it is time to create a project or program that will plan the necessary actions to mitigate the risks and close the gaps. This may include:

  • Allocating budgets
  • Deciding what is done centrally by the corporate office
  • Deciding what is done locally
  • Deciding what is done in a hybrid way

Step 5: Create a sustainable privacy governance structure: Privacy compliance is not a project but a journey. While privacy projects and services help to fill gaps and reduce risks, there needs to be continuous monitoring of privacy compliance issues. For this purpose, a privacy office, or data protection office with necessary staff need to be considered.

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Punit Bhatia

Punit Bhatia

Punit Bhatia is a passionate author, speaker, and advisor. He provides strategic coaching and advice to privacy experts, business owners, and upcoming privacy professionals. Punit is known for providing advice that is simple, pragmatic and business-aligned.

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