France's data protection watchdog, CNIL (Commission Nationale de l'Informatique et des Libertés), has imposed a substantial €800,000 fine on CEGEDIM SANTÉ. The penalty comes as a response to the company's unauthorized processing of sensitive health data, highlighting the growing tension between technological advancement and privacy protection in the medical field.
Wells Fargo Bank, N.A., has entered into a formal agreement with the Office of the Comptroller of the Currency (OCC) to address deficiencies in its anti-money laundering (AML) and financial crimes risk management practices. The agreement, announced today, outlines a comprehensive plan to enhance the bank's compliance with the Bank Secrecy Act (BSA) and U.S. economic sanctions laws.
The U.S. Securities and Exchange Commission (SEC) has announced settled charges against three sales agents from StraightPath Venture Partners for engaging in unregistered broker activity. Anthony Guarino, Robert Seropian, and Frank Vecchio were charged with selling membership interests in LLCs that claimed to invest in pre-IPO company shares without proper registration.
The Commodity Futures Trading Commission (CFTC) has approved a final rule amending Regulation 4.7, which provides exemptions from certain compliance requirements for commodity pool operators (CPOs) and commodity trading advisors (CTAs).
The U.S. Department of Commerce has introduced a cutting-edge supply chain risk assessment tool at its first-ever Supply Chain Summit. The event, held on Tuesday, September 10, 2024, marked a significant shift from reactive measures to proactive strategies in managing global supply chain disruptions.
Agricultural machinery giant John Deere has agreed to pay nearly $10 million to settle charges brought by the U.S. Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme involving the company's Thai subsidiary, Wirtgen Thailand.
The European Supervisory Authorities (ESAs)—comprising the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—have issued their Autumn 2024 Joint Committee Report, highlighting a landscape fraught with economic and geopolitical uncertainties. This comprehensive assessment underscores the pressing need for heightened vigilance across all financial market participants.