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A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous... more +
A repository for the most well-read content on JD Supra at any given time, along with occasional roundups of popular content by specific topic. Also stop by for monthly recaps of hot articles for the previous thirty days. less -
The Volkov Law Group

DOJ Issues New FCPA Declination: Boston Consulting Group Pays $14.4 Million

The Volkov Law Group on

The Justice Department is encouraging companies to voluntarily disclose criminal violations — “Come in and confess” and DOJ offers promises of a declination.  But even a declination comes with a requirement — the company has...more

Neal, Gerber & Eisenberg LLP

Corporate Transparency Act - Overview of Filing Requirements

Neal, Gerber & Eisenberg LLP on

Background - The Corporate Transparency Act of 2019 (“CTA”) became effective on January 1, 2024. Under the CTA, all “reporting companies” must file a Beneficial Ownership Information (BOI) report with the Financial Crimes...more

Mintz

European Central Bank to Impose Fines on Banks for Failure to Address Climate Change

Mintz on

It has been reported that the European Central Bank will be imposing fines on as many as four lenders due to “not meeting deadlines set by the ECB for assessing their exposure to climate risks.” Specifically, ECB regulations...more

Thomas Fox - Compliance Evangelist

Internal Controls and Humans in the Loop: Lessons from Citigroup’s $126 Million Mistake

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In the world of compliance and ethics, the Citigroup internal control debacle serves as a glaring reminder of the critical importance of robust, well-designed, functioning and effective internal controls. The U.K. Financial...more

Mintz - Privacy & Cybersecurity Viewpoints

Maryland Enacts Sweeping Privacy Reform

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The push by U.S. states to pass data privacy laws continues with Maryland being the 18th state to join their ranks. However, Maryland has taken a more stringent and comprehensive approach than many of its peers: Governor Wes...more

Mintz - Privacy & Cybersecurity Viewpoints

Maryland Says “Don’t Mess with Kids”

Mintz - Privacy & Cybersecurity Viewpoints on

As U.S. states continue to pass data privacy legislation, Maryland has gone above and beyond in signing both the Maryland Online Data Privacy Act of 2024 (MODPA) and the Maryland Age Appropriate Design Code (HB 603/SB...more

Skadden, Arps, Slate, Meagher & Flom LLP

Utah Becomes First State To Enact AI-Centric Consumer Protection Law

Skadden, Arps, Slate, Meagher & Flom LLP on

On March 13, 2024, Utah enacted the Utah Artificial Intelligence Policy Act (UAIP), which imposes certain disclosure requirements on entities using generative AI tools with their customers, and limits an entity’s ability to...more

The Volkov Law Group

JP Morgan Fined $348 Million for Deficient Record-Keeping

The Volkov Law Group on

Regulators with the Federal Reserve and the Office of the Comptroller of the Currency (“OCC”) have fined JP Morgan Chase & Co. a combined total of $348.2 million over the bank’s failure to monitor client trading activities...more

Foley & Lardner LLP

New Jersey Passes Comprehensive Privacy Law to Lead the 2024 Wave of State Privacy Laws

Foley & Lardner LLP on

On January 16, 2024, New Jersey Governor Phil Murphy signed Senate Bill (SB) 332, establishing New Jersey’s consumer data privacy law, the New Jersey Data Privacy Act (NJDPA) which will be effective January 15, 2025. This...more

Health Care Compliance Association (HCCA)

BA Depicted by OCR as Example of Ransomware Dangers Recovered Quickly, Didn’t Expect Fine

Health Care Compliance Association (HCCA) on

Report on Patient Privacy 23, no. 11 (November, 2023) Tim DiBona clearly remembers Christmas Eve 2018 when the staff of his small firm—Doctors’ Management Service (DMS)—arrived at their West Bridgewater, Mass., office to...more

Dechert LLP

Dechert Cyber Bits - Issue 43 | Key Developments in Privacy & Cybersecurity

Dechert LLP on

NSA and CISA Release Report on “Top Ten” Cybersecurity Misconfigurations; CISA Calls for Software Manufacturers to Implement Best Practices - On October 5, 2023, the United States National Security Agency (NSA) and...more

Kohn, Kohn & Colapinto LLP

SEC Issues Record Penalty for ESG Greenwashing Violations

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In recent years, the U.S. Securities and Exchange Commission (SEC) has increasingly made Environmental, Social, and Governance (ESG) issues a central element of the agency’s enforcement priorities and on September 25, the...more

Awatif Mohammad Shoqi Advocates & Legal...

Cyber Crime - Protecting Yourself from Publishing Scams in the UAE

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Introduction: In the rapidly advancing digital age, cybercrime has become a serious global concern, and the UAE is not immune to this threat. Scammers are becoming increasingly sophisticated, using tactics such as fake calls,...more

Butler Snow LLP

What is the Message from Artificial Intelligence

Butler Snow LLP on

When announcing the much publicized $125 million fine against JP Morgan for violating recordkeeping rules, the U.S. Securities and Exchange Commission (“SEC”) Chair stated that financial institutions “did not act as if they...more

The Volkov Law Group

Carrie Tolstedt, former Wells Fargo Community Banking Head, Agrees to Plead Guilty and Pay a $17 Million Fine for Obstruction of...

The Volkov Law Group on

If there ever is an example of a rotten corporate culture, Wells Fargo sits at the head of the class.  Since Wells Fargo’s sales pressure scandal, Wells Fargo has continued to suffer from a string of scandals and misconduct. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

Privacy & Cybersecurity Update - January 2023

Skadden, Arps, Slate, Meagher & Flom LLP on

In this month’s Privacy & Cybersecurity Update, we analyze recent fines against Meta and their impact on the future of behavioral advertising, the timeline for the California Privacy Rights Act’s regulations to become...more

The Volkov Law Group

Lafarge and Syrian Subsidiary Pay $778 Million in Fines and Forfeiture for Supporting ISIS Terrorist Organization

The Volkov Law Group on

The Justice Department continues to push an aggressive agenda against businesses.  It is committed to demonstrating its resolve to prosecute companies and individuals from the business community.  Whether it is antitrust,...more

Harris Beach PLLC

Cryptocurrency: In the Face of Increased Enforcement, Be Prepared

Harris Beach PLLC on

This summer was a busy one for cryptocurrency regulators, with aggressive actions potentially signaling an increase in consumer protection compliance activity. In August alone, the New York Department of Financial Services...more

White and Williams LLP

A Changing Climate: the Rising Tide of ESG Liability and Implications for D&O Coverage

White and Williams LLP on

The latest legal buzzword, ESG, represents the environmental, social and governance factors that many corporations are now required to consider and disclose alongside traditional financial information such as operating...more

Health Care Compliance Association (HCCA)

OCR: Current Fines Too Low to Spur Compliance; Agency Also Seeks Funding Boost, Injunctive Relief

Health Care Compliance Association (HCCA) on

Report on Patient Privacy 22, no. 5 (May, 2022) - Compared to other agencies, the HHS Office for Civil Rights (OCR) is a little fish in the big federal pond, but it has an outsize effect on HIPAA covered entities (CEs) and...more

Husch Blackwell LLP

Oklahoma House Passes Consumer Data Privacy Bill

Husch Blackwell LLP on

Keypoint: As it did last year, the Oklahoma House passed a consumer data privacy bill. On March 23, 2022, the Oklahoma House voted 74-15 (with 11 excused) to pass Representative Collin Walke’s HB2969 – the Oklahoma...more

Reveal

[Webinar] Preparing for data breaches: mitigate risk & avoid fines - March 31st, 10:00 am - 11:00 am CET

Reveal on

A data breach can be the result of a cyber/ransomware attack or an honest mistake. Either way, the potential impact of compromised data is huge. This impact can be financial (in the form of fines) and reputational (by...more

Lowenstein Sandler LLP

Wait, that’s covered? Insurability of Fines and Penalties Flowing From a Cybersecurity Breach

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Despite the great strides companies have made to mitigate the risks associated with security breaches, including putting insurance in place to cover those risks, cyber criminals have remained two steps ahead, finding new and...more

King & Spalding

DOJ Announces Civil Cyber-Fraud Initiative to Use False Claims Act to Enforce Cybersecurity Standards in Government Contracts

King & Spalding on

FCA ENFORCEMENT SHIFT - On October 6, the Deputy Attorney General (“DAG”) announced a new Department of Justice (“DOJ”) Civil Cyber-Fraud Initiative – an effort that pulls together attorneys and experts across DOJ focused on...more

McGuireWoods LLP

CNPD vs. Amazon, the largest GDPR fine on record – what do we know so far?

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Amazon’s financial records have revealed that the Luxembourg data protection supervisory authority, the Commission Nationale pour la Protection des Données (“CNPD”), is fining the retailer’s European arm (Amazon Europe Core...more

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