EU foreign ministers have approved a new mechanism based on the US Magnitsky Act that would allow them to impose sanctions on individuals and organizations responsible for human rights abuses Worldwide.
regulatory policy and organisation
JPMorgan Chase Agrees to Pay $250 Million over Deficient Risk Management Practices
JPMorgan has agreed to pay a $250 million civil money penalty after failing to “maintain adequate internal controls and internal audit” over its asset and wealth management division, the New York-based banking giant said on Tuesday.
China to Launch New Regulations to Curb Power of Tech Giants
China’s market regulator proposed new regulations to curb the monopolistic power of large internet companies and avoid abusive behavior in competition.
EU Antitrust Watchdog Files Charges Against Amazon Over Unfair Use of Data
EU competition commissioner Margrethe Vestager announced on Tuesday the fresh round of antitrust charges filed against e-commerce giant Amazon due to its alleged unfair usage of data which jeopardized competition for its platform’s small sellers in Germany and France.
Turkish Regulator Fines Social Media Firms for Violating Online Law
Turkey issued fines against the world’s leading social media companies after failing to appoint a local representative to guarantee that they are complying with the country’s new internet law, a senior official said on Wednesday.
US Regulator is Watching Tesla’s Release of New “Self-Driving Software”
The United States auto safety regulator announced on Thursday afternoon it was closely watching Tesla’s release of a software version intended to allow its vehicles to drive for themselves, pointing out it stood ready to protect the public against safety risks.
Hong Kong Fines Goldman Sachs $350 Million over 1Malaysia Development Berhad Bribery Scandal
Hong Kong’s financial watchdog fined the Asian unit of Goldman Sachs Group Inc. $350 million for its involvement in the state fund 1Malaysia Development Berhad bribery scandal, the regulator said on Thursday.