This also assumes life can be neatly separated into business and non-business.
Now you're looking at 3 phones. Which is why this entire drive to have records of every comm is smelling of overreach; but again, with financial crime, the only way to stamp it out is following this type of draconian paper trail practice.
I don't see a non-paimful solution here except potentially those who work in the financial sector agreeing to be bugged, and even then, if they're just going to get fined anyway...
I don't know. It just doesn't seem that hard to keep client related comms to official channels.
I worked for a BD where we had zero clients. Your rule would have gotten us fined. Trust me, it's not as easy as you think. We've spend tens of thousands on lawyers who have in-turn spend thousands of hours thinking about this topic. You nor I nor the smartest person you know could stamp this out over an HN discussion.
After further reading I'm torn. This feels like regulatory overreach. The only measure I can think of is supplying a company phone and doing everything possible to encourage people to only use their personal phone for non-business work.
This is up to and including being tolerant of personal use of company phones within reason.
Otherwise, you're hosed. There's really no way to comply. Strangely enough, I'm both in favor of, but abhor this type of regulation.
Yes. White collar insider trading needs this type of draconian control to chart info flow...
Yet yeeech! It makes me want to puke. I do not envy you. Godspeed.