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Record Retention

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The COVID-19 pandemic has forced many organizations to re-evaluate and transform their approach to crisis and risk management in relation to their information governance programs. Since the start of the pandemic, several jurisdictions have introduced temporary legislative measures (e.g., proof of vaccination requirements), amendments to existing legislation (e.g., tax relief measures), imposed new requirements (e.g., remote working), and suspended limitation periods for legal claims and disputes in certain situations. As with any crisis that triggers…

In the wake of recent public corporate scandals involving fraud and misconduct, regulators at a global level are increasing their oversight in the area of whistleblower protection as well as issuing substantial fines and penalties to public and private sector organizations for such misconduct. Several jurisdictions have implemented, recently updated, or are introducing whistleblowing laws and anti-retaliation measures in an effort to identify and combat fraud and misconduct across different sectors including financial, pharmaceuticals, and…

Due diligence and ethical sourcing in supply chain management has been the subject of increasing regulatory attention. This reflects the growing impetus for companies to ensure that their supply chains are socially responsible. Similar to “Know Your Client” or “KYC” standards in the financial services sector, which protect both clients and financial intermediaries, the concept of “Know Your Supply Chain” reflects the requirements to protect workers, the environment, and the integrity of company purchasing arrangements.…

Fact is that some tax, bookkeeping and corporate laws in some jurisdictions historically required certain records to stay in-country. But such requirements apply only to certain kinds of records and they generally do not prohibit the transfer of data into the cloud so long as originals or back-up copies are also kept local. If, and to the extent, such laws apply, copies of records may still be uploaded into the global cloud solution, whether self-hosted…