On August 2, the European Union Artificial Intelligence Act (the Act) became effective. It is the world’s first comprehensive legal framework for regulating artificial intelligence (AI) and aims to ensure that AI products and...more
On Jan. 1, the Corporate Transparency Act (CTA) went into effect, premised on the belief that illicit actors use corporate structures like shell companies and fronts to hide their identities and launder criminal proceeds...more
2/29/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Cybersecurity ,
Data Protection ,
Data Security ,
Financial Crimes ,
FinCEN ,
Popular ,
Reporting Requirements ,
U.S. Treasury
The Corporate Transparency Act (CTA), which became effective on January 1, requires that U.S. and foreign companies authorized to do business in the U.S. (each, a Reporting Company) report specific personal information...more
On January 8, 2024, after multiple amendments, the New Jersey Legislature passed a comprehensive data protection bill (SB 332). Gov. Philip Murphy has 45 days to execute SB 332, making New Jersey the 13th state to adopt...more
1/15/2024
/ California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Data Controller ,
Data Deletion ,
Data Protection ,
Financial Services Industry ,
Governor Murphy ,
New Jersey ,
Opt-Outs ,
Personal Data ,
State Data Privacy Laws
The Rules on Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure by Public Companies (the “Cybersecurity Rules”), which the Securities and Exchange Commission (SEC) had adopted earlier this year,...more
12/22/2023
/ Chief Information Security Officer (CISO) ,
Cyber Incident Reporting ,
Cybersecurity ,
Disclosure Requirements ,
Form 8-K ,
Investment Company Act of 1940 ,
Popular ,
Publicly-Traded Companies ,
Reporting Requirements ,
Risk Management ,
Securities Act of 1933 ,
Securities and Exchange Commission (SEC)
Congress has repeatedly failed to pass comprehensive national data protection legislation, and the states are rapidly filling the void with laws that impose different requirements on a state-by-state basis.
Most of these...more
President Biden recently signed the Executive Order on Enhancing Safeguards for United States Signals Intelligence Activities and supporting regulations (collectively, the “Executive Order”), enhancing privacy and civil...more
10/18/2022
/ Corporate Counsel ,
Data Security ,
EU ,
EU-US Privacy Shield ,
European Commission ,
European Court of Justice (ECJ) ,
Executive Orders ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Joe Biden ,
U.S. Commerce Department
Accurate and timely data is essential for successful Diversity, Equity and Inclusion Initiatives and other critically important programs, but when data collection activities collide with the GDPR risks may escalate. Here’s...more
5/16/2022
/ Data Collection ,
Data Protection Impact Assessments (DPIAs) ,
Data Protection Officers (DPOs) ,
Diversity ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
Human Resources Professionals ,
International Data Transfers ,
Job Applicants ,
Sensitive Personal Information ,
Standard Contractual Clauses ,
UK