Telenor ASA has recently come under fire for failing to properly handle its Data Protection Officer (DPO) responsibilities. The Norwegian Data Protection Authority (Datatilsynet) has slapped the telecom giant with a fine and issued a reprimand following an investigation into the company’s handling of privacy compliance.
Senator Bill Hagerty (R-TN), a member of the Senate Banking Committee, has introduced the Prevent Regulatory Overreach from Turning Essential Companies into Targets (PROTECT USA) Act of 2025. The bill is intended to protect U.S. businesses from the extraterritorial reach of European Union regulations, specifically the Corporate Sustainability Due Diligence Directive (CSDDD), which was adopted in May 2024.
The Personal Information Protection Commission (PIPC) of South Korea has penalized Modetour Network Inc. for mishandling a major data breach. The commission’s ruling, announced on March 12, 2025, includes a hefty fine of KRW 747 million (roughly $521,275), along with a KRW 10.2 million ($7,022) fine for additional wrongdoings, making it clear that the company’s failure to protect sensitive customer data will not go unpunished.
In a courtroom drama that casts a sharp spotlight on UBS Group AG’s handling of whistleblowers, the Swiss banking giant was found guilty by a French court of retaliating against two employees who dared to expose its role in aiding wealthy clients to dodge taxes, according to a Bloomberg report.
Singapore and Vietnam have come together to strengthen the backbone of their capital markets and address the emerging complexities of digital asset regulation. The Monetary Authority of Singapore (MAS) and the State Securities Commission of Vietnam (SSC) have signed a Letter of Intent (LOI) that sets the stage for a collaborative effort aimed at ensuring the stability, growth, and security of both countries’ financial systems.
In a move that’s caught the attention of both the tech world and regulatory watchers, the U.S. Federal Trade Commission (FTC) is pushing forward with its antitrust investigation into Microsoft, as reported by Bloomberg. Originally launched during the final months of the Biden administration, the probe has gained new traction under the leadership of FTC Chair Andrew Ferguson, appointed by President Donald Trump. The investigation, which focuses on Microsoft’s software licensing, cloud computing practices, and its evolving role in artificial intelligence, offers an unexpected glimpse into how antitrust policy might evolve under the current administration—and hints at some surprising continuity with previous approaches.
PwC Singapore found itself on the wrong side of the Public Company Accounting Oversight Board (PCAOB) this week, as the regulator slapped the firm with a 1.5 million fine for violations related to its independence compliance process.