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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-04-26T17:40:00
Social media company TikTok is suspending new features amid an inquiry by the European Commission into its compliance with the Digital Services Act (DSA), all while responding to a U.S. ban bill just signed into law.
On Monday, the European Commission opened an investigation into the launch of TikTok Lite under the DSA in France and Spain and communicated its intention to suspend the feature’s reward program.
Under the DSA, “very large online platforms” must conduct diligent risk assessments before the launch of new functionality, particularly related to potentially addictive effects. TikTok Lite’s reward program allows users to earn points for performing tasks, such as watching videos, liking content, following creators, and inviting friends to join the platform.
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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.
2024-10-22T14:37:00Z By Aaron Nicodemus
The Department of Justice (DOJ) has proposed a new rule that would regulate the use of Americans’ personal information by foreign companies and foreign persons in six “countries of concern,” prohibiting and restricting the sale of data to thwart the use of data for cyber-enabled activities, espionage, coercion, influence and ...
2024-08-07T15:56:00Z By Adrianne Appel
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.
2024-07-15T20:36:00Z By Aaron Nicodemus
The European Commission informed X, formerly Twitter, that it may be the first company found to be in violation of the European Union’s Digital Services Act in areas “linked to dark patterns, advertising transparency, and data access for researchers.”
2024-11-14T20:36:00Z By Adrianne Appel
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network issued an alert to financial institutions about their obligations to report deepfakes, warning artificial intelligence has given bad actors additional tools in their arsenal.
2024-07-31T15:31:00Z By Adrianne Appel
A nationwide rental outlet affiliated with Rent-a-Center and its chief executive have been sued by the Consumer Financial Protection Bureau for allegedly deceiving five million consumers about the terms of credit agreements.
2024-07-24T17:54:00Z By Neil Hodge
A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
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