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Raytheon

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Raytheon parent RTX settles false claims, defective pricing, Qatar FCPA violations for $950M

2024-10-17T17:01:00+01:00By

The other shoe finally dropped for Raytheon and parent company RTX, as two U.S. regulators announced nearly $1 bilion in penalties to settle defective pricing in defense contracts, false claims related to inflated prices on government contracts, and bribes paid to government officials in Qatar that violated the FCPA.

AI Act

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Pace of innovation will make EU AI Act hard to enforce, experts say

2024-10-17T16:22:00+01:00By

Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.

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FTC final ‘Click to Cancel’ Rule requires disclosure of material facts before enrollments

2024-10-17T12:59:00+01:00By

Tthe Federal Trade Commission, after years of public comments and changes, released a final “Click to Cancel” Rule, which requires a customer’s express consent before they can be charged and prohibits practices that make it difficult for a customer–whether a family or another business–to cancel.

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EV maker Fisker under investigation by SEC amid bankruptcy, ICFR weaknesses

2024-10-08T18:08:00+01:00By

Electric vehicle maker Fisker is under investigation by the Securities and Exchange Commission over potential violations of federal securities laws related to the preservation of records and documents involving its Chapter 11 bankruptcy filing.

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American Water Works discloses probe into cybersecurity breach

2024-10-08T14:13:00+01:00By

American Water Works Company, which supplies drinking water and wastewater to 14 million customers, disclosed a breach of its computer networks and system due to a cybersecurity incident.

Apple_Intelligence

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Companies are slowing AI launches in Europe, some say European Union regulations are why

2024-10-08T13:03:00+01:00By

The European Union’s Digital Markets Act is forcing many Big Tech companies to postpone the launch of artificial intelligence-powered features, like Apple Intelligence, over user privacy and data security concerns.

cybercrime_web

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DOJ steps up enforcement approach against AI-powered cybercrime

2024-10-07T12:13:00+01:00By

The Criminal Division of the Department of Justice plans to heighten its focus on cybercrime, according to division head Nicole Argentieri.

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Chinese steel, artificial sweetener from Xinjiang now banned under UFLPA

2024-10-04T13:28:00+01:00By

Steel and an artificial sweetener made by two Chinese companies using forced labor have been banned from entering the U.S. under the Uyghur Forced Labor Prevention Act.

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New U.K. enforcement body piles pressure on sanctions evaders

2024-10-03T16:02:00+01:00By

Global sanctions rules are increasing rapidly, as are tools to detect and punish those who break them. In response, the U.K. government is creating a new Office of Trade Sanctions Implementation to investigate and penalize those who break sanctions rules.

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SEC enforcement head Grewal to step down

2024-10-03T13:00:00+01:00By

Gurbir Grewal, director of the Securities and Exchange Commission’s Division of Enforcement, will step down from his post Oct. 11. Grewal, who had served as the division’s director since 2021, will be replaced by Sanjay Wadhwa, currently the division’s deputy director, the SEC said.

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