The Trump administration is preparing to ask the European Union to alter or water down its rules on content moderation on social media, claiming that they hurt the competitiveness of American technology companies.
Aaron Nicodemus
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass.
Email: aaron.nicodemus@complianceweek.com
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Posted inRegulatory Enforcement
States like New York, Pennsylvania stepping up to fill regulatory void left by federal agencies
As the Consumer Financial Protection Bureau steps back from its core mission of protecting American consumers, states like New York and Pennsylvania are stepping up to fill the regulatory void.
Posted inRegulatory Policy
With “stroke of a pen,” CFPB withdraws controversial guidance docs issued under Dems
The Consumer Financial Protection Bureau has rescinded 39 guidance documents that had provided insight into the regulator’s thinking on a host of topics, including enforcement practices and how companies should handle customer complaints.
Posted inRegulatory Policy
Court may look skeptically on SEC settlement offer of $50M fine against Ripple Labs
The Securities and Exchange Commission has offered to settle its long-running lawsuit against cryptocurrency firm Ripple Labs for $50 million, the latest in a series of pullbacks by the agency on ongoing crypto lawsuits.
Posted inRegulatory Enforcement
SEC drops Morgan Stanley cash sweep case: Sign of the times?
A decision by the Securities and Exchange Commission to close an investigation into the cash sweep program at Morgan Stanley may affect decision-making at other financial institutions under similar scrutiny.
Posted inRegulatory Policy
Big Tech left to wonder why supporting Trump has not eased their legal woes
In a world where it seems like it’s Donald Trump against the rest of the world, antitrust lawsuits against tech titans may be the only area where regulators around the world agree: it’s time to break up Big Tech.
Posted inEurope
UBS to pay $511 million fine over Credit Suisse tax case, exposing compliance gaps
A significant settlement in a U.S. tax fraud case against Credit Suisse contains numerous compliance lessons related to beneficial ownership and due diligence in mergers and acquisitions.
Posted inRegulatory Policy
Trump uses federal powers to defang state environmental laws
In support of President Donald Trump’s deregulation agenda, U.S. Department of Justice sued four states in its ongoing attempt to derail state efforts to force energy companies to pay for damage they caused to the environment.
Posted inAnti-Bribery
DOJ ends Albemarle FCPA non-prosecution agreement a year early, part of a growing trend
The Department of Justice has ended another FCPA-related compliance action more than a year early. This scaling back of regulatory enforcement by the federal government has been a growing trend since the start of the Trump administration.
Posted inTechnology
For addressing the risks and rewards of AI, Adam Ennamli is Innovator of the Year
When he was hired two years ago by General Bank of Canada (GBC), Adam Ennamli was tasked with shaking up the bank’s compliance function.
For too long, the small ($3.5 billion Canadian dollars in assets) but fast-growing bank based in Edmonton had spread its compliance functions across different departments. Many compliance functions were conducted manually.
