All News articles – Page 67
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NewsEuropean finance ministers agree plan for single rule book and centralised supervision of anti-money laundering
European finance ministers have agreed draft proposals to establish a single rule-book and centralised supervision of anti-money laundering and terrorist financing.
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NewsCISA issues Emergency Directive in response to supply chain attack on US agencies
The Cybersecurity and Infrastructure Security Agency (CISA) has issued an Emergency Directive in response to a supply chain attack on US agencies
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NewsNCSC handles record number of cyber attacks as hackers exploit coronavirus
The National Cyber Security Centre (NCSC) handled 723 cyber incidents in the year to August, the highest figure since its formation in 2016, as coronavirus scammers targeted healthcare systems in the United Kingdom
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NewsSingapore considers new AML law to improve oversight of VASPs
Singapore looks set to become the latest country to increase anti-money laundering regulations for Virtual Asset Service Providers (VASPs)
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NewsNew privacy rights considered by Australian Attorney General in wide-ranging review
Australian citizens would be able to take legal action directly against organisations breaching privacy laws, under a potential change being looked at as part of a long-awaited review of privacy legislation.
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NewsChina’s draft Personal Information Protection Law
China last week unveiled its first draft of a new law intended to protect personal information. PrivSec Report summarises the key points.
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NewsFBI has ‘credible information’ that cyber attackers are targeting US hospitals
US hospitals and health care providers are facing an “increased and imminent” cybercrime threat, the Federal Bureau and Investigation (FBI) and two other federal agencies have warned.
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NewsUber faces landmark GDPR court challenge over alleged firing of drivers by algorithm
A trade union on Monday filed a complaint in the Amsterdam District Court accusing Uber of “robo-firing” drivers by algorithm
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NewsFATF president pledges to support digital transformation of AML/CFT systems
The Financial Action Task Force (FATF) will seek to support the building of greater efficiency and resilience in anti-money laundering systems through digital transformation, its president has announced.
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NewsFinCEN proposes lowering ‘Travel Rule’ threshold for international transactions to $250
US financial institutions will be required to collect, retain and transmit certain information about international fund transfers worth as little as $250 under a new rule outlined today in a joint notice by the Financial Crimes Enforcement Network (FINCEN) and Federal Reserve Board.
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NewsUK Treasury Committee announces fresh inquiry into financial crime
An influential cross-party group of lawmakers in the UK has launched a follow-up enquiry into financial crime following the release of the FinCEN Files last month.
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NewsGermany unveils tough new AML law in bid to boost prosecutions
The German government has adopted draft legislation aimed at boosting money laundering prosecutions.
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NewsAmazon launches ‘data for cash’ scheme in the US
Amazon has launched a new data for cash scheme called Amazon Shopper Panel where users can volunteer their shopping habit data for rewards.
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UAE suspends licenses of 200 law firms for breaching AML regulations
Two hundred law firms in the United Arab Emirates (UAE) have had their licenses suspended for a month by the country’s Ministry of Justice for breaching anti-money laundering rules.
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NewsA third of data breaches next year will be caused by insider incidents, report predicts
One in three data breaches in 2021 will come from insider incidents, according to new research from market analysts Forrester.
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NewsHalf of large companies to adopt privacy-enhancing computation by 2025
Half of large organisations will implement privacy-enhancing computation for processing data in untrusted environments within five years, Gartner has predicted.
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NewsUK releases details of Russian cyber attacks against Olympics and Paralympics
GRU, Russia’s military intelligence service, hacked officials and organisations involved in the planned 2020 Tokyo Olympic and Paralympic Games, the UK government has announced.
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NewsFinCEN fines early Bitcoin mixer operator $60m
The Financial Crimes Enforcement Network (FinCEN) has fined the founder and operator of Helix and Coin Ninja $60m.
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NewsFacebook’s lead European regulator investigates Instagram’s processing of children’s data
Ireland’s Data Protection Commission (DPC) has launched two statutory inquiries into the processing of children’s data on Facebook-owned social media platform, Instagram.
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NewsIAB Europe warns of ‘chilling effect’ on open-source compliance solutions if GDPR breach interpretation upheld
Digital advertising association IAB Europe has hit out at a preliminary report by the Belgian Data Protection Authority finding that its ad tracking consent framework does not comply with GDPR.
