#RISK Intelligence – Page 145
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NewsPakistan to work towards meeting FATF’s AML conditions
The Pakistani government is to bring in a swathe of new rules and procedures with the goal of ending its three years on the Financial Action Task Force’s grey list which subjects it to increased monitoring.
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NewsGRC World Forums launches TV-style weekly broadcast
A new TV-style weekly digital broadcast to inform the industry of the latest governance, regulation and compliance (GRC) developments and featuring topical insight from thought leaders launches today.
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NewsData protection bill begins passage through Rwanda’s parliament
Rwanda’s chamber of deputies has passed the Personal Data Protection and Privacy Bill.
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NewsRansomware attack knocks out key US pipeline
The Colonial pipeline serving most of the eastern United States with fuel and heating oil has been shut down after what is being viewed as the worst-ever cyber-attack on the country’s infrastructure.
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ebookOld school anonymization is out, synthetic data is in
The world is changing, and anonymous data is not anonymous anymore.
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NewsEuropean Banking Authority outlines plans for a centralised AML/CFT database
The European Banking Authority (EBA) has published a consultation paper on plans for an anti-money laundering (AML) and counter terrorism financing (CTF) centralised database in the European Union.
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NewsNorwegian toll road operator faces fine for ‘serious violations’ of data protection rules
Norway’s data protection authority Datatilsynet proposes to impose a NOK5m ($600,000) financial penalty on Ferde for breaking the country’s privacy law when it transferred motorists’ personal data to China.
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NewsCouncil of Europe criticises Romania for inadequate anti-corruption measures
Romania’s compliance with Council of Europe recommendations to tackle corruption among members of parliament (MPs), judges and prosecutors remains unsatisfactory, according to the 47-member human rights organisation.
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NewsSwedbank fined by stock exchange for AML failings
Swedbank has been fined a total of $5.5million (SEK46.6m) by Nasdaq Stockholm’s disciplinary committee for historical AML (anti-money laundering) failures.
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AnalysisA data protection spending boom?
The latest UK Data Protection Index report reveals Data Protection Officers are expecting a larger increase in spending over the next year. We reveal which budget areas are likely to get a boost.
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NewsImplementation of Thailand’s personal data act delayed
Thailand’s cabinet has approved deferring full enforcement of the country’s Personal Data Protection Act (PDPA) to 31 May next year. It was due come into force next month.
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NewsIcelandic curriculum support company fined for data breaches
Iceland’s data protection authority (DPA) has ordered InfoMentor to pay a financial penalty for security slips that included two unauthorised people accessing ID numbers and avatars of 424 children.
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NewsChinese mobile apps broke privacy rules
The Cyberspace Administration of China (CAC), the country’s main internet watchdog, has found 33 mobile phone apps broke data privacy rules through a range of actions. The companies behind the apps have ten days to comply with the regulations or face a fine.
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NewsDozens arrested and 800 officers deployed in major anti-mafia operation in Europe
A total of 31 people have been arrested in a major operation against international drug trafficking and money laundering which saw the deployment of 800 police officers and tax officials.
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NewsFlorida’s privacy law latest to fall by wayside
Differences between members of the two chambers in Florida’s legislature have killed off a privacy bill for the time being.
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NewsTikTok to address privacy and security concerns via transparency centre
Video-sharing app TikTok says it plans to launch a European Transparency and Accountability Centre to allow researchers and policymakers to see how it moderates content, how its recommendation technology works and how it handles data.
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NewsNorway’s largest lender fined $48 million over AML failings
Norwegian bank DNB ASA has been fined 400 million Norwegian Kroner ($48.1 million) for failing to adequately comply with anti-money laundering requirements,
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WebinarLegal tech considerations for the future of remote work
Last year, legal teams across the globe were caught unaware by the sudden necessity of remote work and the ensuing explosion of data that went along with it.
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NewsPhilippine national security and criminal cases ‘put at risk’ by data leak
A data store belonging to The Solicitor General of the Philippines containing 345,000 files and documents was downloaded by a third party, with the information left available on the web, according to cyber security company TurgenSec.
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NewsCyber attacks on UK firms increase in wake of pandemic
Around half of Britain’s manufacturers have been a victim of cyber crime during the last 12 months as the Covid-19 crisis forced them to reorganise how they work.
