Category: Compliance

US / SEC sues Coinbase and Binance, files motion to freeze Binance assets

Posted on By 5amResearch No Comments on US / SEC sues Coinbase and Binance, files motion to freeze Binance assets

The top US securities regulator sued cryptocurrency platform Coinbase on Tuesday, the second lawsuit in two days against a major crypto exchange, in a dramatic escalation of a crackdown on the industry and one that could dramatically transform a market that has largely operated outside regulation. The US Securities and Exchange Commission (SEC) on Monday…

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_enforcement, Business & Economy, Censorship Free Speech, Compliance, Corruption, cryptocurrency, Enforcement Actions, enforcement archive, government corruption, Investigations, Ledger of Lies, Spotlight, Tech

Twitter pulls out of voluntary EU disinformation code

Posted on By CorruptionLedger No Comments on Twitter pulls out of voluntary EU disinformation code

CorruptionLedger commentary in red.   Twitter has pulled out of the European Union’s voluntary code to fight disinformation, the EU has said. Thierry Breton, who is the EU’s internal market commissioner, announced the news on Twitter – but warned the firm new laws would force compliance. “Obligations remain. You can run but you can’t hide,”…

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Business & Economy, Compliance, corporate corruption, Corruption, Defense and National Security, enforcement archive, government corruption, International Conflict, Investigations, Ledger of Lies, Misinformation, Regulatory News, Spotlight, Surveillance & Privacy, x.bbc

EU: Flawed Reliance on Audits for Raw Materials Rules

Posted on By 5amResearch No Comments on EU: Flawed Reliance on Audits for Raw Materials Rules

(Brussels) – European governments risk relying too much on voluntary audit and certification initiatives to protect rights in European Union minerals supply chains, Human Rights Watch said in a question-and-answer document released today. EU laws, including the draft Critical Raw Minerals Act released in March 2023, need to recognize that compliance with voluntary standards is…

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Meta fined record $1.75 billion for violating EU data privacy rules

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LONDON – Meta on Monday was fined a record 1.2 billion euros (S$1.75 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a major ruling against the social media giant for violating European Union (EU) data protection rules. The penalty, which eclipses a 746 million euro…

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_enforcement, Business & Economy, Compliance, corporate corruption, Corruption, Enforcement Actions, enforcement archive, Regulatory News, Spotlight, Surveillance & Privacy, x.straitsTimes

The government can’t seize your data — but it can buy it

Posted on By 5amResearch No Comments on The government can’t seize your data — but it can buy it

Adam Kovacevich Contributor Adam Kovacevich is the CEO and founder of a center-left tech industry coalition called Chamber of Progress and has worked at the intersection of tech and politics for 20 years, leading public policy at Google and Lime and serving as a Democratic Hill aide. When the Biden administration proposed new protections earlier…

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_enforcement, banks, Business & Economy, Compliance, corporate corruption, Corruption, Crime, enforcement archive, government corruption, Investigations, Lawsuits, Leaks, Ledger of Lies, Protest and Unrest, Spotlight, Surveillance & Privacy, Tech, x.tech

Overcompliance: Sanctions leave Cyprus’ economy reeling

Posted on By 5amResearch No Comments on Overcompliance: Sanctions leave Cyprus’ economy reeling

As Cyprus braces for an almost inevitable new wave of sanctions to hit soon, the government conceded on Wednesday the effect on Cyprus’ services sector has been detrimental. The impact goes beyond just the service sectors. Scores of people have lost their jobs, and companies shut down, but more controversially – clients of sanctioned entities…

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Business & Economy, Compliance, International Conflict, Sanctions, Spotlight

Rule 10b5-1 Application and Enforcement

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On March 1, 2023, the Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) demonstrated continued interest in investigating insider trading by company executives who possess material non-public information when they unsealed an indictment and filed a civil complaint, respectively, in the Central District of California. Though a Rule 10b5-1 plan—an investment device…… Continue Reading
The post Rule 10b5-1 Application and Enforcement appeared first on Global Investigations & Compliance Review.

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Europe’s top court clarifies GDPR compensation and data access rights

Posted on By 5amResearch No Comments on Europe’s top court clarifies GDPR compensation and data access rights

The European Union’s top court has handed down a couple of notable rulings today in the arena of data protection. One (Case C-300/21) deals with compensation for breaches of the bloc’s General Data Protection Regulation (GDPR); and the second (Case C-487/21) clarifies the nature of information that individuals exercising GDPR rights to obtain a copy…

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Compliance, Regulatory News, Surveillance & Privacy, z-Exclude

FTC moves to ban Meta from profiting off data of users under age 18

Posted on By CorruptionLedger No Comments on FTC moves to ban Meta from profiting off data of users under age 18

The U.S. Federal Trade Commission is alleging Facebook “repeatedly violated its privacy promises” and is proposing a “blanket prohibition” on parent company Meta’s monetization of data of users under 18. The company, meanwhile, called the move “a political stunt.” The FTC on Wednesday moved to expand its USD5 billion privacy order with then-Facebook from 2020,…

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_enforcement, Business & Economy, Compliance, corporate corruption, Corruption, Enforcement Actions, enforcement archive, Regulatory News, Spotlight, Surveillance & Privacy, Tech

Companies Doing Business with US Gov – Supreme Court and False Claims Act (FCA) Knowledge Requirements

Posted on By CorruptionLedger No Comments on Companies Doing Business with US Gov – Supreme Court and False Claims Act (FCA) Knowledge Requirements

The Supreme Court recently heard oral argument in the appeal of two False Claims Act (FCA) cases from the Seventh Circuit that called into question the level of intent, or scienter, required to establish corporate liability under the FCA for “knowingly” overbilling the government for goods or services.  The Court’s eventual decision may have widespread…… Continue Reading
The post Healthcare Companies and Companies Doing Business with the US Government – Supreme Court Appears Likely to Clarify False Claims Act (FCA) Knowledge Requirements appeared first on Global Investigations & Compliance Review.

Compliance, Corruption, health, Regulatory News, z-Exclude