EU-Kommission bekommt mit Teresa Ribera eine neue Wettbewerbskommissarin
Mit der Nominierung von Teresa Ribera zur neuen Wettbewerbskommissarin der Europäischen Union könnte die Tech-Welt vor einer neuen Regulierungswelle stehen. Ribera, die bisherige spanische Ministerin für den ökologischen Übergang, wird voraussichtlich eine wichtige Rolle dabei spielen, große Technologiekonzerne wie Amazon, Apple, Google, Microsoft und Meta zur Einhaltung der strengen europäischen Marktregeln zu verpflichten. Eine ihrer […]
Citigroup nimmt Änderungen nach Verstößen vor
Citigroup hat entschieden, die Verantwortung für Datenmanagement von ihrem Chief Operating Officer (COO), Karen Peetz, abzuziehen. Dieser Schritt folgt auf eine schwere Strafe von 136 Millionen US-Dollar, die Citigroup von US- und britischen Aufsichtsbehörden wegen nicht konformer Datenpraktiken auferlegt wurde. Strafe und ihre Implikationen Die Strafe resultierte aus Verstößen im Bereich des Meldewesens und der […]
AML/CTF reform in Australia is almost here
The Australian Government introduces legislation that will transform the country’s approach to combating financial crime A key development in the long-awaited second tranche of reforms to Australia’s anti-money laundering/counter terrorism financing (AML/CTF) regime just happened: The Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024 was introduced into Australia’s Parliament. The Bill’s main objectives are to […]
The new era in sanctions compliance: the growing risk of terrorist financing
Financial crime used to be divided into distinct areas of compliance. Once there were experts who focused on money laundering, on fraud, on tax evasion. Law firms, accountancy firms, banks and financial institutions could take a relatively straightforward approach to their regulatory compliance systems. The main risk factors were drug cartels, black bags of hard […]
Five ways to help save a life
Every 40 seconds, someone loses their life to suicide. This staggering statistic, shared by the World Health Organisation, highlights the global crisis that demands urgent attention, especially in today’s fast-paced and increasingly stressful world. Suicide is one of the leading causes of death worldwide, and September, designated as World Suicide Prevention Month, provides an opportunity […]
Five key steps to take to avoid conflicts of interest in the workplace
In today’s fast-paced and interconnected work environments, the lines between personal and professional interests can blur more easily than ever. With increasing transparency demands, heightened public scrutiny, and complex global business relationships, conflict of interest (COI) issues pose significant risks to organisations. The risk is real, and sometimes, the mere appearance of a conflict can […]
Omnitrack Update: Version 2.113.0
Release Date: 9nd September 2024 We’re excited to announce the latest update to Omnitrack, which brings a range of improvements and new features designed to enhance your experience and streamline your workflows. New Features Export Submissions as a Zip FileAdmins now have the ability to export submissions in a single zip file. This file will […]
Companies slammed with a fresh wave of GDPR fines with Clearview still in EU’s data crosshairs
Clearview AI was hit with its largest GDPR fine yet from Dutch regulators A slew of General Data Protection Regulation (GDPR) fines over the past month indicate that data protection authorities are continuing to clamp down on what they perceive to be violations of the data protection act. Among them is the Netherlands’ data protection […]
Terrorism (Protection of Premises) Bill or ‘Martyn’s Law’ is back on the legislative table: here’s what you should be doing to prepare
In 2022 the UK government announced details for the Protect Duty or Terrorism (Protection of Premises) Bill, also known as ‘Martyn’s Law’ in tribute to Martyn Hett who was killed alongside 21 others in the Manchester Arena terrorist attack in 2017. The law is meant to ensure stronger protections against terrorism in public places and […]
UK signs first international treaty addressing AI risks
The treaty demonstrates the strong interest in international standards for artificial intelligence The UK Government signed the first international treaty to manage artificial intelligence (AI) risks globally. This framework, agreed by the Council of Europe, commits participating nations to collective action in managing AI technologies, with a focus on protecting the public from potential misuse. […]
