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TikTok fined $883K under GDPR for children’s privacy violations
The Dutch Data Protection Authority imposed a €750,000 (U.S. $883,000) fine on TikTok for violating the privacy of young children following a wide-scale investigation launched last year.
FirstEnergy names chief risk officer
FirstEnergy Corp. appointed Soubhagya Parija vice president and chief risk officer the same day it agreed to pay $230 million as part of a settlement to resolve its part in Ohio’s nuclear bailout corruption scandal.
FirstEnergy to pay $230M in Ohio corruption settlement
FirstEnergy Corp. agreed to pay a $230 million criminal penalty as part of a settlement with the U.S. Attorney’s Office for the Southern District of Ohio surrounding the state’s nuclear bailout federal corruption scandal.
FRC 2020/21 audit inspections: KPMG rebuked over continued struggles
The U.K. Financial Reporting Council released the results of its 2020/21 audit quality inspections, in which it singled out KPMG for “unacceptable” deficiencies regarding the firm’s audits of banks and similar entities.
Who will be suited to compliance roles in the 2020s?
The challenges for compliance moving forward through the decade will become more insidious in nature. The profession requires fresh thinking and different perspectives, complemented by creativity, curiosity, and care.
FTC vote reverses longtime ‘prior approval’ stance for mergers
The Federal Trade Commission voted to rescind a 1995 policy statement that allowed certain firms taking part in a merger to skirt prior approval requirements.
California AG: ‘Great progress’ under CCPA despite no fines
California Attorney General Rob Bonta commemorated one year of CCPA enforcement with praise for the law despite there not yet being a publicly announced fine against a business.
New agency Europe’s latest hope to curb AML struggles
The European Commission unveiled new plans to set up an agency specifically aimed at tackling the region’s spiraling problems with money laundering.