- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Neil Hodge2024-03-27T13:27:00
The European Commission opened formal proceedings to assess whether TikTok might have breached the Digital Services Act (DSA).
In a press release last month, the commission said it was concerned the social media platform’s risk management measures to ensure users were not harmed by “addictive” content were insufficient and that its age-verification tools might also fall short. The commission further questioned the platform’s transparency regarding advertising, as well as the level of data access for researchers.
In December, X became the first Big Tech firm to be subject to a formal investigation under the DSA regarding its lack of content moderation following Hamas’s attacks against Israel.
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Tthe Federal Trade Commission, after years of public comments and changes, released a final “Click to Cancel” Rule, which requires a customer’s express consent before they can be charged and prohibits practices that make it difficult for a customer–whether a family or another business–to cancel.
The European Union’s Digital Markets Act is forcing many Big Tech companies to postpone the launch of artificial intelligence-powered features, like Apple Intelligence, over user privacy and data security concerns.
TikTok is in hot water with the Department of Justice and Federal Trade Commission over widespread failures to comply with a 2019 consent order to enhance compliance with children’s privacy laws.
The U.K. Financial Conduct Authority fined the London branch of Australian-based Macquarie Bank Limited more than 13 million pounds (U.S. $16.3 million) for “serious control failures” that allowed a trader to conceal hundreds of fictitious trades over a 20-month period.
French defense and aviation contractor Thales Group is under investigation by authorities in the U.K. and France for allegedly participating in bribery and corruption.
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
