The Treasury Department’s Financial Crimes Enforcement Network released new anti-money laundering requirements for U.S. investment advisers and real estate professionals that attempt to close loopholes that criminals and kleptocrats have long exploited.
Regulatory Policy
Posted inRisk Management
Federal judge overturns FTC’s ban on noncompete clauses
A federal judge struck down the ban on noncompete clauses by the Federal Trade Commission that was set to take effect in September.
Posted inData Privacy
FTC tries to close COPPA loophole with amicus brief against IXL Learning
The Federal Trade Commission is fighting against an online educational platform’s interpretation of the Children’s Online Privacy Protection Act, arguing that COPPA can’t force parents into arbitration.
Posted inRegulatory Enforcement
’Bait-and-switch’: Pham critical of CFTC self-reporting policy
Caroline Pham, a commissioner on the Commodity Futures Trading Commission, criticized the agency’s policy on credit for self-reporting violations as a “bait-and-switch.”
Posted inRisk Management
No more fake product reviews allowed under FTC rule
A new rule by the Federal Trade Commission will crack down on fake product reviews, whether written by humans or artificial intelligence.
Posted inRegulatory Enforcement
BIS issues export control guidance to academic research institutions
The Commerce Department’s Bureau of Industry and Security issued guidance to academic research institutions on trends in voluntary self-disclosure to improve export control compliance.
Posted inFinancial Services
U.K. pension scheme reforms promise funds consolidation for trustees
The U.K. government has signaled new rules for pension trustees and funds consolidation to boost investment, but questions remain on employee financial literacy.
Posted inFinancial Services
SEC unveils joint data sharing standards with eight other financial regulators
A joint proposal from nine U.S. financial regulators on data standards aim to streamline submissions and ease data sharing among agencies, the Securities and Exchange Commission announced.
Posted inRegulatory Enforcement
SolarWinds partial dismissal casts doubt on SEC Cybersecurity Rule
A partial dismissal of charges levied by the Securities and Exchange Commission against Solarwinds has cast doubt about the breadth of the SEC’s Cybersecurity Rule.
Posted inEthics & Culture
Many dating apps a matchmaker for cybercriminals, study finds
Location-based dating apps are not doing enough to protect user privacy, with exact location and other personal data being exploited by stalkers and bad actors, a recent analysis found.