REGULATORY AND COMPLIANCE

Ambassadors of cutting-edge legal business solutions

Our Regulatory & Compliance practice is dedicated to guiding our clients through the intricate regulatory environment that defines their industries. Our team of experienced professionals combines deep industry knowledge with a strategic approach to provide practical solutions that address regulatory challenges and compliance requirements.

We understand the complexities and risks associated with ever-evolving regulations. Our expertise helps clients comply with national and international standards and stay ahead of regulatory changes. We offer comprehensive assessments and tailored strategies to ensure continuous compliance and risk mitigation.

Our commitment extends to developing robust internal policies and procedures, implementing effective compliance control systems, and providing thorough staff training. We also conduct meticulous internal investigations, develop incident response plans, and offer financial monitoring advice to safeguard our client's interests. We are dedicated to turning regulatory challenges into opportunities for growth, ensuring your business remains resilient and competitive in a dynamic market.

Advice on Compliance and Financial Monitoring:

Expert legal advice on compliance-related matters
Continuous support for navigating complex regulatory landscapes

Preparation and Review of Documents:

Drafting and review of compliance-related documents
Ensuring all documentation meets legal and regulatory requirements
Ensuring accuracy, completeness and timely updating of documentation

RELATED INDUSTRIES

Information Technologies

In Information Technology, we provide comprehensive legal services tailored to support innovation, protect intellectual property, and ensure regulatory compliance. Our expertise spans software licensing, data privacy and security, technology transactions, cybersecurity legal measures, and litigation support for IT-related disputes. Our experience includes advising on the application of the special legal and tax regime of Diya City for IT business, including drafting the necessary agreements (gig contracts, non-competition agreements, employment contracts, etc.). We also develop intellectual property and personal data policies.

CORE RELATED INDUSTRIES

FinTech and AI

We provide comprehensive legal services in fintech and artificial intelligence (AI) sectors, aimed at supporting innovative technologies and ensuring regulatory compliance. Our expertise covers the launch of fintech projects, licensing of payment systems, creation of smart contracts, and the development and protection of artificial intelligence algorithms. We advise on data processing and protection, cybersecurity, ethical use of AI solutions, and risk management. Our team also provides legal support during investment rounds and in resolving disputes related to the use of financial technologies or artificial intelligence.

Olena Biloshuk

Counsel, Head of Regulatory & Compliance

Yaroslav Ognevyuk

Managing Partner, Head of IP

Andrii Kotyk

Partner, Head of Finance and Tax

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Firm news

11 Mar, 2025

AMBASSADORS – Legal Partner of Kyiv International Cyber Resilience Forum 2025

On March 11-12, 2025, the Kyiv International Cyber Resilience Forum 2025 brought together global leaders, policymakers, public sector representatives, and business executives to tackle the most pressing challenges in digital sovereignty and cybersecurity resilience.

Recent Projects

12 Feb, 2025

Legal Development and Implementation of a Cybersecurity Policy for a Non-Banking Financial Institution

AMBASSADORS was engaged by a well-established non-banking financial institution (a client under NDA) to design and implement a comprehensive cybersecurity policy. This initiative was crucial to the company’s risk management framework and long-term regulatory strategy.

Publications

7 Feb, 2025

Data Protection in the Financial Sector: Legal Imperatives and Business Realities

The financial sector is no longer just about balancing assets and liabilities; it is a sophisticated ecosystem where data has become the new currency. Banks, financial institutions, insurance companies, and payment service providers are not merely handling capital - they are also the digital guardians of personal information. Ensuring the security of this data is not just a matter of technological solutions; it is a fundamental shift in the relationships between businesses, regulators, and consumers.

Alerts

18 Dec, 2024

Navigating the EDPB's Latest Opinion on AI and Data Protection

The European Data Protection Board (EDPB) has unveiled its pivotal Opinion 28/2024 on AI and data protection, shedding light on some of the most pressing issues faced by developers, regulators, and Artificial Intelligence (AI) users. The Opinion delves deep into three core areas: the anonymity of AI models, the use of legitimate interest as a legal basis, and the implications of developing AI with unlawfully processed personal data. For Ukrainian companies operating in the AI sector, these findings are not just academic—they carry profound implications for compliance, innovation, and business continuity.

Publications

14 Dec, 2024

Data Protection in Pharmaceutical Companies: Challenges and Measures

The pharmaceutical industry is one of the most heavily regulated sectors regarding data protection, as it handles large volumes of sensitive personal information related to patient health, clinical trials, and medical research. Ensuring compliance with the General Data Protection Regulation (GDPR) and other relevant legal frameworks is critical to avoiding significant financial penalties and reputational damage.