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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2024-11-01T19:00:00
Ireland’s cozy relationship with big business and Big Tech has once again come under scrutiny after the country’s media regulator allowed a $15 million one-off funding payment from Meta’s Oversight Board Trust to help launch the newly formed Appeal Centre Europe, an office to investigate EU user disputes with social media firms.
The Appeal Centre is designed to allow EU citizens a quick way to challenge social media companies over issues such as content moderation or account restrictions, as part of the EU’s Digital Services Act (DSA). The rules, which went into effect last year, aim to improve transparency and accountability among the tech industry’s biggest firms, including YouTube, TikTok and, of course, Meta’s Facebook and Instagram.
Independence of any regulatory body is essential, which is why Appeal Centre accepting millions of dollars from one of the three companies it regulates may ring alarm bells. But it’s not the only questionable move.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-09-27T22:30:00Z By Jeff Dale
The Irish Data Protection Commission fined Meta Ireland 91 million euros (U.S. $102 million) for multiple violations of the European Union’s General Data Protection Regulation related to the inadvertent storage of user passwords without encryption.
2023-05-22T16:43:00Z By Kyle Brasseur
The Irish Data Protection Commission announced a record penalty of €1.2 billion (U.S. $1.3 billion) against Meta regarding its transfers of user data from the European Union to the United States in violation of the General Data Protection Regulation.
2016-08-31T12:15:00Z By Joe Mont
The EC has concluded that Ireland gave illegal tax benefits to Apple that were worth up to €13 billion (roughly $14.6 billion U.S.) and wants the money repaid. The decision could have implications for other companies, including Amazon, Google, and McDonald’s, facing scrutiny for what they pay in European taxes. ...
2024-11-20T16:51:00Z By Jeff Dale
President-elect Donald Trump announced he plans to appoint Cantor Fitzgerald President and CEO Howard Lutnick to lead the U.S. Commerce Department, as the incoming administration is expected to charge import tariffs against friends and foes.
2024-11-14T15:50:00Z By Ruth Prickett
If your business uses leather, rubber, wood, beef, palm oil, soy, or paper, then you may need to comply with the EU Deforestation Directive, a new rule intended to ensure that no goods traded in the EU contribute to global deforestation.
2024-11-04T14:28:00Z By Adrianne Appel
With the presidential election this week, one fear has remained on the minds of voters regardless of their political stripe–that artificial intelligence will be misused to change the outcome of the race.
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