The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the “Act”) was signed into law by the President on 18 March 2021 and Minister for Justice, Helen McEntee, signed the commencement order last week, 23 April 2021. This development transposes (most of) 5AMLD into Irish law, further safeguards our financial system from money […]
Virtual voice assistants (VVAs) are interactive software-based services that are increasingly used to access and control digital ‘smart’ devices and online services, particularly in people’s homes and vehicles, but also at work. The major tech companies offer them, every smartphone has a VVA ‘living’ inside, as do some screenless ‘smart speakers’. But VVAs may also be […]
On the back of a challenging year (to say the very least), there’s reason for optimism when we consider that the Irish fintech industry experienced a record period of activity with almost $400m in M&A, venture capital and private equity transactions recorded in 2020 (source: KPMG – Pulse of Fintech H2’20 Report). The fintech industry […]
The Criminal Justice (Offences Relating to Information Systems) Act 2017 (the Act) came into force on 12 June 2017 yet David Young is the first person to be charged under the legislation. He is 28 years old and from Cork. He is charged of committing nine offences. It is important to remember that Mr Young has just […]
Today we officially launch Leman’s annual Leman Challenge, which will take place virtually in line with current restrictions. We are planning to run, walk, cycle, swim or hike 40,000km over the next 11 weeks in our ‘Around the World in 80 Days’ challenge, in order to raise much needed funds for four incredible mental health charities: Pieta, Dublin […]
Recent news of multidisciplinary engineering contractor Keating Construction going into liquidation will surely act as a reminder that cash is king in construction. That is why adjudication as a form of dispute resolution is increasingly used by contractors to secure withheld payments. Less recognised was a recent case where the High Court recognised the enforceability […]
First, what is ransomware?It is malware (i.e. malicious software). It encrypts data on a device or system making it unusable. The threat actor holds the data hostage until a ransom is paid. Depending on the access gained and the level of infiltration into the system, the threat actor may also threaten to destroy the data […]
Foreward by Andrew Chilvers When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, for many professionals it was a much needed addition to legislation that would significantly help business transparency and combat money laundering. In essence, it was good for business and for public and professional […]
Why the latest directive on UBOs is critical to combat corporate crime When the 5th Anti-Money Laundering Directive was introduced into law by the UK and EU in January 2020, […]
Read moreIn October 2020, the UK’s Information Commissioner’s Office (ICO) fined British Airways (BA) £20 million for violations of the General Data Protection Regulation (GDPR). This was in relation to a breach that took place in 2018. The breach affected both personal and credit card data of 420,000 data subjects. This is the largest fine that […]
So, unless you’ve been living on Mars (or presumably are Donald Trump) you’ll have seen a photo of Bernie Sanders from the Inauguration ceremony of Joe Biden. Yeah, you know the one. Now, I’m an Intellectual Property (IP) Lawyer who enjoys a MEME as much as the next guy, but I often find it harder to share great MEMEs […]
The European Data Protection Board has said that the new draft standard clauses for: contracts between controllers and processors within the EEA; and the transfer of personal data to non-EEA countries, are not quite right. Tweaks are needed. The new draft clauses for non-EEA transfers remain very important in the Brexit context. While the EU-UK trade […]
