Map the legal and compliance requirements to each data element that an organization is dealing with in all of its business processes, enterprise and operational functions, and client relationships.
Establish a process that keeps a track of the applicable legal and regulatory changes
Ensure that an organization has the right kind of information sources that feed its intelligence on regulations.
Evaluate the impact of non-compliance to applied regulations. Identify the liabilities imposed by the regulations with respect to specific data elements
Establish an understanding of how an organization is liable and what are the instruments that enforce and invoke the liability
Ensure that there exists an understanding about what position an organization assumes in legal relationship ecosystem. Is it a Data Subject, or Data Controller or Data Processor
Ensure that an organization is in a position to test the relevance of legal elements in its environment
Ensure that the knowledge in respect of the legal and regulatory compliances is managed effectively. This knowledge should have an important place in the organization’s privacy initiatives
Ensure that the legal and compliance related information is shared effectively with all the relevant functions in the organization
Establish an effective Regulatory Compliance Intelligence in the organisation by adopting contemporary approaches, trends and practices
