A Fourth Estate® Service

Wednesday, February 24, 2021

regulatory policy and organisation news

EU Adopts own Magnitsky Act Based Framework

EU foreign ministers have approved a new mechanism based on the US Magnitsky Act that would allow them to impose sanctions on individuals and...

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...

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.China’s market regulator proposed...

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...

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...

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...

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...

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