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US State Regulation

NASAA: Congress should have tech-neutral approach to market regulation

September 19, 2024

Bespoke laws on types and uses of specific technologies must preserve state regulatory authority to protect investors, says letter.

Julie DiMauro1 min read
Enforcement

SEC charges 12 municipal advisers with recordkeeping violations

September 19, 2024

The charges relate to off-channel communications and related supervisory failures.

Alexander Barzacanos1 min read
Compliance as a Profession

INTERVIEW: Martin Woods, anti-money-laundering practitioner and strategist

September 19, 2024

Also known as the “Wachovia Whistleblower”, Martin Woods has been chasing bad guys since the age of 17.

Jean Hurley6 min read
ESG

What you need to know about the new Task Force on Inequality and Social-Related Financial Disclosures

September 19, 2024

Initiative seeks to develop an international framework.

Corinne Tomsett | Danesmead ESG2 min read

Article

Martin Cloake, Hameed Shuja

September 10, 2024 8 min read

Can we regulate our way to an AI we can trust?

Regulation could be the means to assuage worries about where AI could take us – but how we regulate is still the cause of much debate.

ComplianceMore on Compliance

Enforcement

OCC orders Wells Fargo to overhaul compliance strategies and illicit fund detection

September 16, 2024

The OCC found the bank’s safeguards against money laundering and sanctions violations were lax and imposed detailed compliance program remedies.

Julie DiMauro2 min read
Enforcement

FINRA disciplinary action update 2024/34

September 16, 2024

Disciplinary decisions issued August 24 – 30, 2024.

Thomas Hyrkiel2 min read
Enforcement

ASIC roundup: Suspicious gold vaults, ‘brazen and greedy’ fraud

September 16, 2024

The Australian Securities & Investments Commission’s latest actions and news, September 4 – 13, 2024.

Martina Lindberg3 min read
Compliance

Fed backs down from aggressive bank capital requirements

September 13, 2024

Under a revised proposal, large banks would have to increase their capital reserves by 9% instead of by 19%.

Alexander Barzacanos1 min read

More on Compliance

DataMore on Data

Privacy

Cegedim Santé fined €800,000 for processing health data unlawfully

September 18, 2024

The data was found to be pseudonymous – not anonymous – making it possible to re-identify the people concerned.

Martina Lindberg1 min read
Privacy

Norwegian university fined for GDPR violations when using Microsoft Teams

September 17, 2024

Around 16,000 registered users connected to the university were affected, included Ukrainian refugees.

Martina Lindberg1 min read
Privacy

X could face sanctions for training Grok on Europeans’ data

September 10, 2024

The Irish Data Protection Commission has said that it will “examine” complaints received.

Martina Lindberg2 min read
Privacy

Dutch DPA imposes €30.5m fine on Clearview AI over illegal data collection

September 4, 2024

The Dutch regulator found Clearview illegally built a database of over 30 billion faces without consent.

Martina Lindberg3 min read

ESG

SEC quietly disbands its Climate and ESG Enforcement Task Force

September 16, 2024

Did you know the SEC shut down its Climate and ESG Task Force within its Enforcement Division this summer? Neither did we.

Julie DiMauro1 min read
ESG

Keurig fined $1.5m over its K-cup recyclability claims

September 13, 2024

The SEC said the company failed to disclose that two of the largest US recyclers told Keurig they didn’t intend to accept the coffee pods for recycling.

Julie DiMauro2 min read
ESG

Deadline approaching: ESG corporate reporting requirements for large companies

September 12, 2024

Companies in scope include: those trading on an EU-regulated market, and non-EU companies generating annual EU revenues $166m+.

Neil Robson | Katten Muchin Rosenman2 min read
ESG

FCA extends deadline for labeling and marketing of sustainability products

September 11, 2024

The FCA has offered firms temporary flexibility to comply with “naming and marketing” rules under the SDR regime until April 2, 2025.

Jean Hurley2 min read

RegulationMore on Regulation

CFTC

CFTC amends QEP exemptions rule

September 18, 2024

The new rule raises capital thresholds for Qualified Eligible Persons, but comes short of implementing disclosure requirements.

Alexander Barzacanos1 min read
Regulation

Proposed bank capital requirements increases slashed in the US and UK

September 18, 2024

The US Federal Reserve and the UK’s PRA row back on last year’s forceful proposals for substantial capital reserve increases.

Thomas Hyrkiel, Julie DiMauro, Hameed Shuja6 min read
Regulation

OFAC’s interim rule pushes recordkeeping mandate to 10 years

September 17, 2024

Amendment to Reporting, Procedures and Penalties Regulations extends recordkeeping mandates.

Julie DiMauro1 min read
CFTC

CFTC approves final rule to bring clarity to self-certification

September 17, 2024

The amendments clarify what is required of registered entities as they self-certify compliance with laws and regulations.

Alexander Barzacanos1 min read

More on Regulation

TechnologyMore on Technology

AI

AI corner: WH task force focuses on datacenter energy, chatbots aim higher

September 18, 2024

The White House aims to help companies deal with AI datacenter energy consumption and new industry chatbots promise deeper reasoning.

Julie DiMauro2 min read
Security

Navigating cybersecurity compliance: NIS2 UK/US stakeholder impact

September 18, 2024

Increasing reliance on digital platforms and a growing threat from bad actors means regulators are giving more attention to cybersecurity compliance.

Craig Rogers | Eversheds Sutherland, Robbert Santifort | Eversheds Sutherland, Felix Schulte-Strathaus | Eversheds Sutherland6 min read
Fintech

INTERVIEW: Donald McElligott on a better understanding of communications archiving tech

September 17, 2024

Julie DiMauro in conversation with compliance supervision expert Donald McElligott on regtech solutions in the communications recordkeeping space.

Julie DiMauro9 min read
Security

UK convenes global coalition for talks on cybersecurity

September 17, 2024

Three days of talks will focus on tackling global cyber threats and boosting cyber skills.

Jean Hurley2 min read

More on Technology