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Daily Compliance News

Daily Compliance News: May 1, 2024 – The 4-Month Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network.

Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

  • CZ gets 4 months. (WSJ)
  • FCPA violator Ericsson bemoans ‘over-regulation’. (FT)
  • Can’t get a contract? Sue the lawyers. (Reuters)
  • Meta sued the EU over election misinformation.  (NYT)

For more information on the Ethico ROI Calculator and a free White Paper on the ROI of Compliance, click here.

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10 For 10

10 For 10: Top Compliance Stories For the Week Ending October 28, 2023

Welcome to 10 For 10, the podcast that brings you the week’s Top 10 compliance stories in one podcast each week. Tom Fox, the Voice of Compliance, gets the compliance professional the compliance stories you need to be aware of to end your busy week. Sit back, and in 10 minutes, hear about the stories every compliance professional should know from the prior week. Every Saturday, 10 For 10 highlights the most important news, insights, and analysis for the compliance professional, all curated by the Voice of Compliance, Tom Fox. Get your weekly filling of compliance stories with 10 for 10, a podcast produced by the Compliance Podcast Network.

  • Financial integrity oaths heighten compliance.   (UC San Diego Today)
  • WPP detained an employee in China terminated for bribery.  (WSJ)
  • Suspicious death shadows Austrian corruption probe. (FT)
  • Don’t play games with the SEC. (Reuters)
  • Meta was sued by state AGs for addicting children.   (NYT)
  • Is Trump guilty of accepting bribes?  (NY Magazine)
  • Ex-Homeland Security Investigator Sentenced for Corruption. (Chicago Tribune)
  • The US warns against Iranian exports.  (WSJ)
  • Brazil was told to pick up its ABC game. (WSJ)
  • Big 10 investigating UM football for sign stealing. (ESPN)

You can check out the Daily Compliance News for four curated compliance and ethics-related stories each day here.

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Daily Compliance News

Daily Compliance News: October 25, 2023 – The Taco Tuesday Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • Meta was sued by state AGs for addicting children. (NYT)
  • Is Trump guilty of accepting bribes?  (NYT Magazine)
  • Ex Homeland Security Investigator sentenced for corruption. (Chicago Tribune)
  • Taco Tuesday freed. (Reuters)
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Daily Compliance News

Daily Compliance News: July 10, 2023 – The Meta, Threads and Anti-trust Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

  • Labor Party to back global ABC court. (The Guardian)
  • Chinese ABC probe moves to an advanced stage. (FT)
  • Did a sheriff’s corruption lead to a mass shooting? (Houston Chronicle)
  • Meta, Threads, and anti-trust. (NYT)
Categories
Daily Compliance News

Daily Compliance News: July 7, 2023 – The First Fight Now Lawsuit Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

  • Twitter threatens Meta over Threads. (Reuters)
  • Is Ivy League morally bankrupt? (FT)
  • Cop is now in charge of SFO. (WSJ)
  • Top Lazard banker fired for harassment. (WSJ)
Categories
Daily Compliance News

Daily Compliance News: June 9, 2023 – The An Island of Corruption Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News. All, from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

·       Gary Gensler has never seen so much non-compliance. (WSJ)

·       Jes Staley says it was all JPMorgan.  (Reuters)

·       Texas AG was his own ‘Island of Corruption”. (Governing)

·       Zuckerberg lays out his vision for Meta.  (NYT)

Categories
Life with GDPR

Life with GDPR-$1 Billion Fine: Meta’s GDPR Violation

Tom Fox and Jonathan Armstrong, renowned experts in cyber security, co-host the award-winning Life with GDPR. In this episode, they discuss the recent billion-dollar fine imposed on Meta (formerly Facebook) for violating data protection laws. They break down the significance of this ruling, which limits standard contractual clauses and requires due diligence checks when transferring data from the EU to the US. Discover the consequences and potential appeal arguments of the European Court of Justice’s ruling on data privacy. They delve into the challenges of harmonizing data protection authorities in the EU and how this affects corporations. Find out why the lack of consistency among regulators cannot be fixed overnight. Take advantage of the engaging and informative discussion that can help organizations navigate the complex landscape of GDPR and data privacy. Tune in to “Life with GDPR” now!

 Key Takeaways:

·      Facebook fined $1 billion for data transfer

·      Meta’s GDPR Noncompliance and Data Transfer Suspension

·      Irish Data Protection decision overruled by EDPB

·      Challenging GDPR court order in Ireland

·      Data Transfer from EU to US: Safe or Unsafe?

·      GDPR differences in privacy enforcement

 Resources

For more information on the issues raised in this podcast, check out the Cordery Compliance, News Section. For more information on Cordery Compliance, go their website here. Also check out the GDPR Navigator, one of the top resources for GDPR Compliance by clicking here.

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Connect with Jonathan Armstrong

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Daily Compliance News

Daily Compliance News: May 23, 2023 – The €1.2 Bn Fine Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • Succession (in real life). (NYT)
  • Fired SFO investigator wins wrongful termination suit. (MLex)
  • Meta fined €1.2 billion by EU over GDPR violations (Cordery Compliance)
  • Court decision unsealed in whistleblower decision. (Bloomberg Law)
Categories
Daily Compliance News

Daily Compliance News: May 19, 2023 – The Ronnie Feldman Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day we consider four stories from the business world, compliance, ethics, risk management, leadership, or general interest for the compliance professional.

Stories we are following in today’s edition:

  • Meta channels their inner Ronnie Feldman. (WSJ)
  • BODs wake up to cyber security risks. (FT)
  • The lawyer doesn’t want the name disclosed. (Reuters)
  • What is geo-strategic corruption? (The Conversation)
Categories
Blog

Cookies, Compliance and GDPR

Are you feeling overwhelmed by GDPR enforcement and data privacy regulations? Are you concerned about the implications of big tech companies, such as Facebook and Instagram, on the data privacy of your customers? The recent fines imposed on Meta, formerly known as Facebook, of €210,000,000 for Facebook and €180,000,000 for Instagram has created a ripple of concern across the globe. I recently had the opportunity to visit with Jonathan Armstrong, partner at Cordery Compliance to explore the implications of this ruling and provide practical steps that organizations can take to ensure they are abiding by GDPR compliance. Be prepared to take a deep dive into the world of Cookie and Online Behavioral Advertising, and learn how to protect your customer data.

Armstrong outline the three steps you need to follow to also get compliance and transparency:

  1. Be transparent about how you handle personal data.
  2. Look at your legal basis for processing data.
  3. Look at any argument based on necessity carefully.

Be transparent about how you handle personal data.

Step 1 for GDPR compliance is to be transparent about how you handle personal data. In order to do this, organizations need to understand what data is being processed, where it is being stored, and how it is being used. Transparency is a core element of GDPR and companies need to ensure that they are providing clear information about their data processing activities to customers and other users of their services. Organizations need to look at the data flows to and from their services, as well as any third parties they are working with, in order to be fully transparent about what personal data they are collecting and how they are using it.

Companies should also look at the legal basis for processing data to ensure that it is compliant with GDPR. Furthermore, organizations should be careful to make sure that any arguments they make based on necessity are supported with evidence to prove that their use of data is necessary. Finally, companies should be aware of the potential risks of online advertising, particularly with big tech companies like Facebook and Instagram, and be cautious when booking online advertising campaigns.

Look at your legal basis for processing data.

Step 2 is to review the legal basis for processing data. To do so, you will need to go through your data processing activities and determine what the legal basis is for each of them. This can be done through a data inventory, which is a list of all the data you are collecting and using. This will help you to identify if you are processing data based on consent, contractual obligation, or some other legal basis.

Once you have identified the legal basis, you will need to make sure that the basis is GDPR compliant. This means that you must ensure that the legal basis is legitimate, freely given, and specific. You must also make sure that you are transparent with individuals about how their data is being used, that they have the right to access and control their data, and that you are providing adequate security for the data. Finally, you must ensure that you have the right processes in place to ensure that any data you are processing is done so in accordance with GDPR.

Look at any argument based on necessity carefully.

When looking at any argument based on necessity, it is important to look at it carefully in order to determine if it meets the requirements of GDPR. Necessity is defined in GDPR as the process of processing personal data necessary for the performance of a contract, or necessary for compliance with a legal obligation, or necessary for the purposes of legitimate interests pursued by the controller or by a third party, except where such interests are overridden by the interests or fundamental rights and freedoms of the data subject.

When analyzing an argument based on necessity, it is important to take into account the specifics of the situation, and to ensure that the data processing is indeed necessary for the purpose it is being used for. Additionally, it is important to consider the rights of the data subject, and to ensure that any processing of their data does not override their fundamental rights and freedoms. If the argument is found to be valid and necessary, it is important to ensure that the data is processed in a transparent and secure manner, in accordance with the GDPR requirements.

For more information, check the podcast I did with Jonathan on this topic on Life with GDPR. Check out Cordery Compliance here.