Managing Business Compliance Issues in the New Normal Baker McKenzie

This episode looks at the potential data privacy considerations following a fraudulent transaction. Our speakers also discuss key privacy and data protection laws from common law and PRC perspectives as part of the complex and increasingly important area of compliance. The episode also explores the main exposures of involved parties and the critical steps organizations should take following the incident.

In this episode, our speakers discuss the internal issues arising from the fraud as well as the key considerations when undertaking employee investigations. The speakers also touch on the corresponding disciplinary actions against involved parties.

This episode answers key questions around communications with authorities following a fraudulent transaction. Taking into account the civil and common law jurisdictions in Asia Pacific, the speakers talk about who has the legal obligation to report an incident and which regulatory authorities should be contacted.

In episode 2 of our Asia Pacific Risk and Crisis Management podcast series, our speakers discuss options and key steps to take once the money has been transferred from the receiving bank's account. We discuss key elements required for a successful recovery from fraudsters, including commencing court proceedings and seeking freezing orders. We also take a look at how we can remedy the situation through insurance.

In this episode, we will be covering issues around the communications and interactions with the banks - first, navigating the steps to take to seek to freeze the funds and recover the monies and understand how best to navigate considering the concerns relevant from the perspectives of financial Institutions and also variations in approach considering the civil law and common law jurisdictions.