Compliance and regulations are getting more and more attention – from the public, supervisory authorities, and legislators on both national and EU levels – becoming increasingly important for our clients and their business. A good compliance framework allows them to meet legal requirements, but also to promote ethical behaviour among statutory bodies, employees, and other company representatives, prevent illegal behaviour, react to potential regulatory breaches or unethical actions efficiently, and, last but not least, eliminate or mitigate potential risks.

Our Approach

We regularly help our clients establish internal compliance processes, prevent and manage risks, resolve compliance incidents, and handle supervisory authority audits, including legal representation. We design compliance systems that meet legal requirements and allow clients to avoid criminal or administrative liability, or at least significantly reduce any potential sanctions (by lowering or eliminating fines).

Our compliance solutions are always tailored to fit each client's specific needs.

In the regulation field, we help our clients stay compliant with general legal obligations (e.g., corporate law, competition law, consumer protection, GDPR, cyber-security) and sector-specific regulation (e.g., banking and insurance, food industry, transport, energy, telecommunications, environment, pharmaceutical sector, and many more) on a daily basis, including legal support during product launches.

One-Stop Legal and Regulatory Consultancy

Our legal advisory teams are closely connected and work hand-in-hand, allowing us to deliver comprehensive and highly effective solutions. This synergy enables us to ensure that your company meets all legal and regulatory requirements.

Corporate Governance

• Implementation of an internal control system and other mechanisms to ensure proper corporate governance
• Identifying key operational risks, proposing solutions to prevent conflicts of interest, and mitigating the liabilities of both the company and its board members
• Conducting compliance health checks to identify and remove risks related to corporate law (e.g., accuracy of entries in the business register and other public registers, accuracy of documentation in the collection of deeds)
• Organizing and supporting general meetings, representing clients at general meetings, approval of financial statements and reports on relations, submitting documents into the collection of deeds, updating business register entries, etc.
• Drafting and revising ethical codes for employees and members of elected bodies, providing improvement suggestions for existing codes
• Providing specialized trainings on corporate governance for both management and employees
• Compiling an expert guide for foreign investors outlining common mistakes when entering the Czech market and how to avoid them

Designing Governance and Control Systems

• Designing organizational structure and defining roles and responsibilities within your organization
• Implementing the three lines of defence approach into your risk management
• Establishing an ethical framework for the company’s operations, including a code of ethics
• Implementing a company-wide risk management system
• Setting up an internal regulatory framework, ensuring compliance, and implementing an internal legislative process
• Monitoring and checking of third parties, employees, and suppliers
• Managing conflict of interest procedures

Prevention of Criminal Liability

• Implementation of criminal compliance programs in line with the Act on Criminal Liability of Legal Entities and best practices, reviewing and improving existing programs
• Independent investigations into suspected unlawful behaviour within the company, proposing preventive measures
• Providing criminal compliance training
• Specialized expertise in property and economic crimes (particularly tax offenses)
• Managing security incidents and data breaches
• Collaboration with law firms specializing in criminal defence and the protection of the rights of the accused and the victims during criminal proceedings in cases where we represent clients in the court of law

Personal Data Protection (GDPR) and Data Security

• Drafting and review of internal documents related to personal data processing
• Setting up and auditing data processing relationships
• Auditing data processing activities within the company
• Representing clients in proceedings before the Czech Office for Personal Data Protection
• Managing security incidents and data leaks
• Consent management
• Advisory support on transfer of personal data to third countries

Labour Law

• Reviewing and updating labour law documentation to ensure compliance with the legislation and new legislative amendments
• Whistleblowing – implementation of internal reporting systems, covering the function of the designated person
• Conducting investigations in cases of suspected unlawful employee activities
• Subsequent assistance in termination of employment and related legal steps
• Training management and the executives on employer obligations

Implementation of the Compliance Function

• Defining the roles of Compliance Officer and Compliance Manager
• Separating the responsibilities of the legal and compliance departments
• Establishing and communicating a compliance strategy
• Managing compliance risks
• Establishing compliance controls
• Implementation of legislative monitoring and early warning processes
• Implementation of tools enabling efficient performance of compliance functions (evidence, registries, GRIDS, planning)
• Incident management
• Employee compliance trainings
• Managing, training, and mentoring the compliance team

Competition Law

• Implementation of compliance programs in line with the requirements of the Act on the Protection of Competition and other related legislation, review and improvement of existing programs
• Drafting of internal policies and codes of ethics
• Consultancy on existing or planned business strategies
• Guidance and advisory support on specific procedural aspects of investigations conducted by competition authorities
• Support during unannounced inspections by competition authorities (dawn raids)
• Representing clients in proceedings before competition authorities and courts
• Specialized competition law trainings for management and employees (cartels, abuse of dominant position, merger control, abuse of significant market power, state aid, and more) tailored to client needs

Intellectual Property Law

• Advisory support in the field of licensing conditions for copyrighted works and other intellectual property assets
• Representing clients before the Industrial Property Office of the Czech Republic and EUIPO
• Registration of trademarks, industrial designs, and patents
• Advisory support, representing clients in the enforcement of intellectual property rights
• Establishing an IP strategy

Data and Digital Regulation

• Cyber security
• AI
• Data Act and related regulations

Anti-Money Laundering (AML) and Anti-Corruption

• Assistance during the set-up of internal processes and AML rules
• Reviewing, updating, or drafting of relevant documentation
• Compliance advisory on AML matters
• Assistance in preparation of AML risk assessment report
• Monitoring and regular updates about legislative and regulatory changes

We are a member of KPMG’s global network of consulting firms, providing legal, tax, audit, and other consultancy services in 144 countries. This extensive network allows us to provide our clients with fast and effective support in regulatory and compliance matters worldwide.

One of the most discussed topics is the sharing of internal whistleblowing systems within corporate groups.

The aim of the act is to increase the level of cybersecurity in key sectors.

The European Commission has presented the Omnibus I (ESG) and Omnibus II (investment) legislative packages.

The European Union is tightening and further harmonising its rules against money laundering and the financing of terrorism (AML/CFT).

Upcoming seminars and training courses offered by KPMG.

Important! Current Surveys and Data

Climate Regulation

According to the 2023 International Energy Agency report, corporate investments in green energy grew by 10% year-on-year. The increasing focus on sustainability and climate regulation is pushing companies to adapt their operations to new regulatory requirements aimed at reducing emissions and supporting renewable energy.
Consumer Protection

Data from the European Commission in 2023 shows that 24% of online stores fail to comply with new consumer protection regulations aimed at e-commerce and digital services with the goal to protect users against fraudulent practices and safeguard their rights.
Whistleblowing

According to a 2023 EQS Group survey, only 62% of companies based in the EU have implemented a functional whistleblowing system despite an EU directive requiring companies to do so, with reporting systems playing a key role in employee protection and promotion of corporate ethics.
Cybers Security

According to IBM, the average cost of a data breach rose to $4.45 million per incident. With growing number of cyber-attacks, companies must invest in robust cyber security systems and comply with strict data protection regulations.

Antitrust and Competition Law

According to Global Competition Review, global antitrust fines rose by 15% in 2022 compared to the previous year. Regulators worldwide are increasing pressure on companies in terms of antitrust and competition matters, particularly in the tech sector.
AI Compliance

According to a Capgemini survey, over 60% of companies lack a clear strategy for ethical AI implementation. With AI developing rapidly, there is an increasing need for regulation and compliance to ensure ethical and safe use of AI systems.
ESG

According to last year's MSCI study, more than 80% of investors now consider ESG factors when making investment decisions, with ESG criteria becoming increasingly important for regulators as well. Companies are under pressure to disclose information about their environmental impact, social responsibility, and governance practices.
Cryptocurrency Regulation

Chainalysis reports that in 2022, more than $20 billion in cryptocurrency transactions were linked to illegal activities. With the growing popularity of cryptocurrencies and blockchain technologies, governments are intensifying efforts to regulate them, introducing rules aimed at preventing money laundering and investor protection.