ECOVIS ProventusLaw

#DarboTeisė 2024-2025 m. konferencija: Darbo kodekso pakeitimai ir ko reikalauja praktika 📢 Kviečiame į Mokymų klubas organizuojamą Darbo Teisės konferenciją, kur ECOVIS ProventusLaw kontoros advokatė bei darbo teisės specialistė Agnė Jacunskienė skaitys pranešimą "Dirbtinis intelektas ir darbo teisė: politika, darbuotojų mokymas ir sukčiavimo prevencija". Pranešimo metu Agnė pristatys: • Reikalingų tvarkų / politikos parengimas: ką turi žinoti darbuotojai naudodami dirbtinį intelektą? • Pavyzdžiai, kada dirbtinis intelektas darbe naudojamas netinkamai. • Sukčiavimas naudojant dirbtinį intelektą (angl. Deepfakes): kada atsakingas darbuotojas ir kada darbdavys? 📅 2024 m. gruodžio mėn. 12 d. 🕘 9:00 - 15:45 val. 📍 online arba Technopolis Beta, J. Balčikonio g. 3, Vilnius 💼 bilietai: https://lnkd.in/dJjgJkSi Susitikime konferencijoje! #ecovis #DI #AI #konferencija

#GootToKnow New EBA Guidelines: Are Your Reporting Processes Ready? Starting October 17, 2024, the Bank of Lithuania will follow the European Banking Authority’s (EBA) new Guidelines on the Resubmission of Historical Data (EBA/GL/2024/04). Financial institutions must correct and resubmit inaccurate or outdated data from previous reporting periods. 💡 What you need to know: Who’s affected? Credit institutions, payment institutions, and brokerage firms. Key requirement: Establish mechanisms to spot and fix reporting errors quickly. Why it matters: Accurate data strengthens trust, enhances supervision, and stabilises the financial market. 🔧 What should you do? 1️⃣ Review your internal reporting processes. 2️⃣ Implement robust error detection and correction systems. 3️⃣ Train your teams on the new requirements. Need help navigating these changes? Our ECOVIS ProventusLaw experts are here to guide you! Read the full article ( 👇 ) and reach out for support. #FinancialReporting #Compliance #EBA #BankOfLithuania #DataQuality #RiskManagement

#GoodToKnow The updated cybersecurity law is in effect and aligned with EU standards like NIS2 and the Cybersecurity Act. This isn’t just another regulation—it’s a game-changer for how businesses handle cyber risks. 📌 What businesses need to do: - Align cybersecurity policies with NIS2 and the Cybersecurity Act. - Implement a robust risk management framework and incident response procedures. - Assess third-party vendors for compliance with the new standards. Read more in our article, link in the comment box 👇 #Cybersecurity #NIS2 #RiskManagement #ecovis #Lithuania

#GoodToKnow FCIS Issues Updated Guidelines for Lithuanian Entities on International Sanctions Compliance under the UNSCR 1373 framework. These changes raise the bar for ensuring adherence to financial sanctions. 📌 Key Recommendations for Compliance Teams: - Incorporate UNSCR 1373 checks into your screening processes. - Ensure systems are ready to freeze assets immediately upon identification. - Train staff to act quickly and notify FCIS within the 2-day reporting window. Read the details in our article and strengthen your compliance framework (link in the comment box 👇 ) #sanctions #SanctionsCompliance #FinancialRegulation #RiskManagement #ecovis #FCIS

#GoodToKnow Debt Management Transparency: Are You Ready for the New Rules? The latest amendment to the Consumer Rights Law is here, bringing important changes to debt management practices. This is more than just a legal update for businesses—it’s a chance to build trust and foster stronger consumer relationships. 📌 Our top recommendations: - Clearer Regulatory Guidance: Regulators are urged to provide more explicit instructions on compliance with the EU AI Act, ensuring that companies meet existing and upcoming regulatory expectations. - Enhanced Product Design & Disclosure: Financial institutions should conduct gap analyses of their current practices against expected regulations, focusing on consumer-centric design and transparency, especially for vulnerable customers and complex products. - Governance Committees: Companies were advised to establish dedicated governance committees to oversee the implementation of AI technologies and compliance with consumer protection and regulatory standards. This is your opportunity to align with ethical practices and stand out as a consumer-focused business. Read the summary of what the amendment covers in our article (Link in the comment box 👇 ). Detailed latest #RegRally Insights: Regulatory compliance Updates on various essential topics are here: https://lnkd.in/dn4iQBNT #fintech #consumerprotection #compliance #ecovis

#GoodToKnow Are EMIs Ready for Increasing AML Challenges? In its latest report, the Lietuvos bankas | Bank of Lithuania spotlighted critical money laundering and fraud risks facing electronic money and payment institutions. From sanctions compliance to fraud prevention, the message is clear: the stakes are higher than ever. ❓ Is your #fintech institution ready to meet the required compliance by the regulator? At ECOVIS ProventusLaw, we help EMIs strengthen their defences with tailored AML strategies, training, and audits. Contact our experts, Inga Karulaityte or Alina Januškaitė, and let’s ensure your compliance framework is ready for what’s ahead. Read more in our article, link in the comments below 👇 #AML #Compliance #FinancialCrime #RiskManagement #ecovis

#GoodToKnow 📢 CJEU Clarifies “Legitimate Interest” Under GDPR for Commercial Data Processing The Court of Justice of the European Union (CJEU) has clarified how organisations can use the “legitimate interest” basis under GDPR to process personal data for commercial purposes—like marketing—without explicit consent. This guidance stems from a case involving the Royal Dutch Lawn Tennis Association (KNLTB), which faced a €525,000 fine for sharing member data with sponsors for marketing. The CJEU’s decision reinforces the three critical criteria for relying on legitimate interest: 1️⃣ Pursuit of a lawful, legitimate interest 2️⃣ Necessity of data processing to achieve that interest 3️⃣ Proper balancing of interests between organisations and individuals. This ruling offers businesses a more transparent framework for navigating GDPR compliance while pursuing commercial goals. Want the full story together with recommendations? Read the article (link in the comment box 👇 ) Our latest RegRally Insights: Personal Data Protection and ICT Regulation can be found here: https://lnkd.in/dj2M3TJj #GDPR #CJEU #DataPrivacy #LegitimateInterest #ecovis #RegRally

🌍 Dive into the Latest in MICA to #RegRally: Crypto News Digest! Check out the highlights from our latest edition: 🌎 AMERICAS 🔹California's Deepfake Law Overturned: A federal judge ruled it unconstitutional due to First Amendment concerns. 🔹Market Manipulation Charges: First-ever criminal charges filed against 18 individuals and entities in the crypto market. 🔹Argentina’s Regulatory Push: The Proposed Virtual Asset Service Providers framework is now open for public consultation. 🔹Brazil’s CBDC Pilot: Drex integrates DeFi principles for privacy and programmability in a central bank digital currency. 🌍 MIDDLE EAST / AFRICA 🔹Uruguay Legalizes Crypto-Assets: New laws place the Central Bank as the crypto industry regulator. 🔹UAE's Tax Exemption: Crypto transfers and conversions are now VAT-free, boosting its crypto-friendly reputation. 🔹Dubai’s Crackdown: VARA fines unlicensed crypto firms and enforces stricter compliance rules. 🌏 ASIA 🔹Vietnam's Blockchain Vision: Aiming for regional leadership in blockchain innovation by 2030. 🔹Taiwan’s AML Rules: Crypto firms face new registration and compliance requirements under draft laws. 🔹Indonesia’s Licensing Extension: Crypto exchanges are given more time to comply with regulatory updates. Stay ahead with daily updates on X (formerly Twitter) https://lnkd.in/drEeij-j @EProventuslaw. Let’s navigate the ever-changing crypto landscape together! 🚀 #CryptoNews #GlobalRegulation #DigitalAssets #MICA #crypto #GlobalInsights #ecovis #newsletter #GoodToKnow

#GoodToKnow The European Commission has released updated guidance to help industries identify and prevent Russian tactics from circumventing export controls and sanctions. This guidance supports businesses in protecting G7 technologies from unauthorised use, managing reputational and liability risks, and reinforcing current regulatory measures. Introduced alongside the G7’s Enforcement Coordination Mechanism (ECM), which includes a dedicated Sub-Working Group for Export Control Enforcement, the guidance provides industries with a list of high-risk items, updated indicators of sanctions evasion, best practices for risk management, and resources to strengthen due diligence processes. Read more in our article together with recommendations (link in the comment box 👇 ) #EU #sanctions #ecovis #guidance

#NaudingaŽinoti🚀 BDAR apžvalga: naujienos ir ekspertų patarimai. Naujame numeryje skaitykite: 🛡 Naujas Kibernetinio saugumo įstatymas – kas keičiasi ir ką turėtumėte žinoti apie organizacijų įtraukimą į registrą? 📊 DORA atitikties vertinimo įrankis – kaip teisingai pasiruošti naujiems reikalavimams, įsigaliosiantiems nuo 2025 m.? 📸 Organizacijoms svarbių nuotraukų tvarkymo gairės – pagrindiniai atrankos ir saugojimo principai. ⚖️ Teisėtas interesas pagal ESTT sprendimą – ar galima rinkodaros tikslais naudoti duomenis be aiškaus sutikimo? 💡 Naujos gairės dėl teisėto intereso taikymo – padėsiančios geriau suprasti sudėtingus BDAR aspektus. 💼 Baudos už BDAR pažeidimus – Belgijoje ir Airijoje priimti sprendimai ir jų pamokos. Prenumeruokite mūsų sertifikuotų duomenų apsaugos ekspertų parengtas naujienų apžvalgas, stebėkite tendencijas ir užtikrinkite duomenų apsaugos atitikį savo organizacijoje. #naujienlaiškis #GDPR #atitiktis #DuomenųApsauga #ecovis #BDAR