GDPR compliance services
The EU General Data Protection Regulation (GDPR) is the most important change in data privacy regulation in 20 years. The regulation took effect on 25 May 2018, replacing the current European Data Protection Directive 95/46/EC, now providing one set of data protection rules for all companies operating in the EU, wherever they are based.
The GDPR applies to the processing of personal data of EU citizens meaning it not only applies to EU based organisations, but that it also applies to organisations that are based outside of the EU that offer goods or services to EU citizens or any organisation that processes the data of EU citizens.
If GDPR applies to your organisation, it is crucial that you ensure to implement the right processes to meet the 6 key principles of data protection. Failure to comply with the GDPR regulations could result in organisations being fined up to €20 million or 4% of annual global turnover – whichever is higher.
With our experience in implementing GDPR compliance measures, FAI Comply is able to assist organisations of all sizes to meet the requirements of the regulation and tailor the best approach to suit your needs.
What can FAI Comply do for your business?
Perform information audits and assessments on the company’s current processes
Develop tailored and practical solutions taking into account your company’s exact needs
Creation of information asset registers containing vital information for the understanding of the company’s processing of personal data
Creation of data flow maps
Creation or updating of policies and procedures related to privacy and IT security
Review of company’s legal documentation (client agreements, privacy notices, third party contracts, employment contacts etc.)
Data protection impact assessments
Provision of dedicated outsourced Data Protection Officer (DPO) or data protection consultancy support
Management and employee GDPR awareness/training sessions
Bank & PSP accounts
Each bank has its own requirements for account opening. Requirements regarding information vary dependent on the jurisdiction of incorporation and house policies of specific banks. Please contact us to help you choose the right banking institution for your business activity.
Compliance training seminars
No matter what industry your organisation is in, legal and regulatory compliance is essential to protect it and your employees. This is particularly relevant for the finance sector, as the increased demand for digital services has expanded the regulatory environment and increased the need for compliance.
GDPR compliance services
With our experience in implementing GDPR, FAI Comply is able to assist organisations of all sizes to meet the requirements of the regulation and tailor the best approach to suit your needs.