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Vodafone fined for GDPR infractions in Germany
Failure to adequately monitor the work of third-party agencies and security deficiencies of online portal lead to a €45m ($51m) fine.
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GRIP Extra: SEC to cut enforcement staff by 17%, Wells Fargo freed from asset cap
Our in-brief roundup also includes Bristol Myers Squibb and BioNTech in a drug partnership, Reddit suing Anthropic for using its data, and BlackRock being removed from Texas blacklist.
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The cost of misconduct: Prison sentences and reputational ruin
Criminal convictions for a former McKinsey partner and ex-Volkswagen directors for compliance failings and misconduct.
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€1.2 billion in fines levied in 2024 for GDPR breaches in the EU
EDPB 2024 annual report also highlights cooperation between regulators and sizeable fines against large tech for data protection breaches.
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DWS hit with huge €25m fine for greenwashing
What this fine means for other firms and why it is a stark reminder of why a whistleblowing policy is needed in the UK.
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GRIP Extra: SEC updates marketing rule FAQs, Swiss fine for Lara Warner
Other news includes Chat GPT hallucinates murder, DOGE access to social security data blocked and Tornado Cash no longer sanctioned.
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GRIP Extra: Pro-labor US labor secretary in, Nasdaq shuts down high speed trading service
Other news includes a $1b Salesforce investment in Singapore, the EU removing four Russian from sanctions list due to Hungarian pressure, and French publishers suing Meta over AI models.
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The interplay between Due Diligence and the EU Corporate Sustainability Reporting Directive
The CSDDD and CSRD will eventually cover a range of large EU and non-EU companies who will need to ensure that their compliance efforts are integrated.