Acting as the main point of contact for any data protection inquiries.
All entities are subject to the General Data Protection Regulation (“GDPR”) when processing personal data. The responsibility for compliance with the GDPR and pertinent data protection legislation lies with the Board of Directors of the company and in certain situations the Board must designate a Data Protection Officer (“DPO”).
At RMC we assist our clients in complying with data protection obligations by setting up and coordinating the company’s data protection framework through the DPO function or by way of data protection support. RMC Wise offers guidance through our team of data protection advisors that are qualified and well-trained on all matters relating to safeguarding of personal data and subsequently full compliance with the applicable regulations.
Data Protection Officer Role
RMC offers a team of professionals who can assume the data protection officer function on a seconded basis. The team members are well-versed in the field of data protection and privacy and have held the DPO function with entities across a variety of industries.
The DPO will assist entities in setting up a practical, proportionate and compliant data protection framework, consisting of the drafting of the required privacy policies, setting up of a data inventory map, undertaking the necessary privacy impact assessment and liaising with the respective data protection commissioner as and when the entity is required to in line with its regulatory obligations.
Data Protection Support
RMC provides entities with the necessary guidance and assistance to comply with the entity’s regulatory obligations relating to privacy. Our comprehensive privacy support services help you address current gaps, meet regulator expectations, and prepare for upcoming changes.
RMC assists clients with ongoing support or assistance with a specific or periodic project.RMC offers both retained and project - based engagements to fit clients’ needs.
How we can help?
RMC suite of services with respect to Data Protection
and GDPR Services include but not limited to:
Comprehensive Policies and Procedures
Developing and maintaining effective data protection policies and procedures. This includes creating essential documents like privacy notices, data retention policies, and data breach response plans.
Conducting a thorough data mapping exercise to identify and locate all company-held data. This ensures everything is accounted for and handled appropriately.
Providing GDPR training to staff, empowering them to handle data securely and responsibly.
Advising the Board on data protection matters, ensuring adherence to regulations and best practices.
Assisting the Company in complying with data subject requests in relation to the right to access, rectify, erase, restrict processing, or objection to automated decision-making.
Privacy and Data Protection Impact Assessments
Conducting Privacy Impact Assessments (PIAs) for new processes involving data, and Data Protection Impact Assessments (DPIAs) for high-risk data processing activities.
Reviewing agreements with third-party vendors to ensure they comply with GDPR requirements to protect data.
Preparing regulatory reports when necessary.
Assisting Directors with any data protection-related inquiries.
RMC WISE
FAQ'S
What services does RMC Wise Ltd provide?
RMC Wise Ltd offers a range of services including but not limited to *Risk Management*, *Regulatory Compliance*, *Financial Services Consultancy*, *AML/CFT Compliance*, *Internal Audit*, and *Regulatory Reporting Services.*
What is Risk Management, and how does RMC Wise Ltd approach it?
Risk Management involves identifying, assessing, and prioritizing risks to minimize, monitor, and control the probability or impact of an event that may or may not have a negative outcome on the Company. RMC Wise tailors risk management solutions based on a thorough understanding of each client's risk profile, business model and overall objectives, offering services such as governance, policies & procedures, enterprise-wide risk assessments, outsourced risk management functions, and cyber risk support.
What is Regulatory Compliance, and why is it important?
Regulatory Compliance ensures that a business adheres to external rules and internal controls imposed by regulatory bodies. It aims to protect license holders and their clients, ensure fair and transparent markets, reduce systemic risk, and combat financial crime. The Compliance Function advises and assists personnel in complying with legal and regulatory obligations, regularly assessing the effectiveness of measures and procedures in place. This is done through the effective implementation of a risk-based Compliance Monitoring Programme (CMP).
How does RMC Wise Ltd assist with AML/CFT Compliance?
RMC Wise Ltd helps businesses meet their Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) obligations by providing services such as risk assessments, customer due diligence, ongoing monitoring, transaction reporting, and AML training. They assist firms in implementing robust frameworks to prevent financial crime and comply with regulatory requirements.
What Internal Audit services does RMC Wise Ltd offer?
RMC Wise Ltd provides independent Internal Audit services to its clients. Internal Audit is crucial for ensuring the efficiency, security, and compliance of an organization. It provides independent assurance that a company’s risk management, governance, and internal control processes are functioning effectively. Moreover, Internal Audits help identify weaknesses, improve operational efficiency, and ensure compliance with regulatory requirements, reducing the risk of fraud and financial mismanagement. Our services include reviewing compliance with regulatory requirements, evaluating operational risks, and offering recommendations for process improvements to ensure organizations operate efficiently and securely. This is done through the effective implementation of a risk-based Internal Audit Plan.
RMC WISE
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