In today’s edition of Daily Compliance News:
Tag: Facebook
In today’s edition of Daily Compliance News:
- Jho Low banker who facilitated alleged money laundering on trial. (RiskScreen.com)
- What coronavirus tells Boards about the next crisis. (FT)
- Max Schrems has choice words for Ireland settlement with FB. (com)
- UK corruption case against Shell & ENI dismissed. (Reuters)
In this episode of Life with GDPR, Jonathan Armstrong and Tom Fox have their first emergency podcast. Earlier this week, the Irish Data Protection Commission raided Facebook in Ireland over the company’s announced plan to begin a dating service on Valentine’s Day. Some of the highlights in this episode include:
- What is the to-do all about?
- Do European data protection authorities have dawn raid powers?
- What might the Irish Data Protection Commission have been looking for in this raid?
- What is the role of a DPIA in this process and why is it so critical?
- When should a DPIA be carried out?
- How can a DPIA a mitigating or aggravating factor?
- What is the importance of training around DPIAs?
- What does this mean for companies and clients going forward?
Resources
Cordery Breach Navigator
Cordery Client Alert “Ireland’s Data Protection Authority Halts Facebook Dating Service”
Compliance into the Weeds is the only weekly podcast which takes a deep dive into a compliance related topic, literally going into the weeds to more fully explore a subject. In this episode, Matt Kelly (the coolest guy in compliance) and I go into the weeds to explore recent Facebook settlement with the SEC and the FTC. We also explore what the new DOJ antitrust investigation may portend going forward.
Some of the highlights include:
- This is now the second SEC settlement under this fact pattern.
- The SEC settlement was three times the amount of the Yahoo settlement.
- Did the FTC settle too low (or too high)?
- Is Facebook prevented from doing anything going forward?
- What is the impact if any on the stock price? Does the market even care?
- Is the DOJ antitrust investigation simply a politically motivated attack?
- Has the administration thought through the implications of its antitrust investigations?
For further reading on Conn’s see Matt’s blog posts: Facebook, Power and Antitrust Issues
In today’s edition of Daily Compliance News:
- FTC orders compliance. Will Facebook comply? (NYT)
- Video killed the radio star, did Amazon kill retail? (Trump administration says yes). (Washington Post)
- SFO opens corruption investigation for work in South Sudan. (WSJ)
- Iraq orders arrests of government officials for alleged corruption. (Kurdistan24)
In today’s edition of Daily Compliance News:
- Prosecutors ask for hold on Sunny Balwani SEC civil action. (MarketWatch)
- What’s $5bn among friends? (New York Times)
- Did Varsity Blues parents engage in a conspiracy or just old-fashioned bribery? (New York Times)
- Bank regulators behaving badly. (Financial Times)
APRIL 2, 2019 BY TOM FOX
In today’s edition of Daily Compliance News:
- Is it illegal to do business with corrupt governments? (New York Times)
- Does PG&E really want a judge running its business? (Hint-no). (Wall Street Journal)
- Mark Zuckerberg asks for more regulation. (Wall Street Journal)
- Anti-Corruption lawyer elected PM of Slovakia? (Financial Times)
