Tech companies and fintechs, consider this your warning.
Regulatory Policy
Posted inRegulatory Policy
Red flags, top-tips to help identify forced labor at home and abroad
Efforts by the Trump administration to impose tariffs on countries that it deems do little to discourage or penalize companies that profit from forced labor have reignited the need for compliance teams to ask deeper questions about how their organizations attempt to uncover incidences of modern slavery in the workplace and supply chains.
Posted inFinancial Services
U.K. seeks to unlock $108B investment by relaxing banking ring-fencing rules
The U.K. government has committed to relaxing its stringent ring-fencing requirements for banks in forthcoming financial legislation.
Posted inTop Stories
DOJ decision calls EEOC employment guidelines unconstitutional
Key guidelines under which the Equal Employment Opportunity Commission has operated for decades are unconstitutional, the U.S. Department of Justice Office of Legal Counsel has concluded.
Posted inBest Practices
The Tower of Babel and compliance role in AI governance
Recently,Pope Leo XIV issued his first Papal Encyclical Letter, titled Magnifica Humanitas “On Safeguarding the Human Person in the Time of Artificial Intelligence.” The document places AI within the long tradition of Catholic social teaching and asks how humanity should respond to the “new things” of the digital age. I wanted to review it from a compliance angle.
Posted inRegulatory Enforcement
Trump’s latest tariffs gambit puts spotlight on ‘inadequate’ forced labor laws
The risks associated with companies either conniving in or unwittingly profiting from modern slavery have garnered increased attention over recent years, but the United States’ latest attempt to hit dozens of countries with tariffs for failing to tackle the problem more seriously has pushed the issue of forced labor to the top of corporate agendas.
Posted inFinancial Services
U.K. slashes FS rules, seeks closer EU regulation ties to boost growth
The U.K. government has announced a raft of legislation that will drastically cut compliance requirements in the financial services sector, as well as aim to bring the United Kingdom more in line with the EU to simplify customs regulations and boost trade.
Posted inData Privacy
China’s data scrutiny puts financial firms’ day-to-day compliance to the test
China is tightening personal information protections and urging businesses that handle personal data to strengthen compliance. Violations could result in million-dollar fines, depending on the case.
Posted inRegulatory Enforcement
U.K. consults on changes to unhealthy food advertising and promotion rules
The U.K. government is calling on food manufacturers to respond to a consultation on the effects of applying its new nutrient profiling model to food advertising and promotions rules.
Posted inRegulatory Policy
Key steps to prepare for the Crime and Policing Act
Companies that do business in the United Kingdom will soon find themselves subject to a new regime where more people in the organization can be subject to criminal prosecution—and not just for a handful of serious economic crimes.
