Tag: Meta

Categories
Daily Compliance News

February 13, 2023 – The Corruption Kills 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 of Daily Compliance News:

  • Deutsche Bank finds it acted in bad faith. (FT)
  • Judge denies right to reopen Boeing DPA. (WSJ)
  • Meta and Gibson, Dunn harshly criticized for litigation tactics. (Reuters)
  • Corruption abetted Turkey’s earthquake. (Foreign Policy)
Categories
Life with GDPR

Meta Fined In Ireland

Jonathan Armstrong and Tom Fox return for another episode of the award-winning Life with GDPR. In this episode, we discuss the recently released find by the Ireland Data Protection Commission against Meta for two legacy companies, €210m for its Facebook operation and €180m for Instagram for GDPR breaches.  The DPC also ordered Meta to change its data protection practices within three months.  Those changes may have a more lasting effect on Meta than the fines.  The two fines come in fifth and sixth places, respectively, in the largest GDPR fines of all time.

Some of the highlights  include:

  1. What were the facts?
  2. Why this matter has far wider implications than simply Big Tech.
  3. Max Schrems says this is a huge blow for Meta.
  4. The convoluted appeal process is going forward.
  5. Lessons learned.

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 to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

Categories
Daily Compliance News

December 28, 2022 – The Declination Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you four 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.

Stories we are following in today’s edition of Daily Compliance News:

  • Peru arrests generals for corruption. (DW)
  • Safran gets Declination. (WSJ)
  • Meta settles for Cambridge Analytica. (BBC)
  • Angola court orders dos Santos asset seizure. (Al Jazeera)
Categories
Daily Compliance News

November 29, 2022 the Light of Day Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance brings to you four 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. Stories we are following in today’s edition of Daily Compliance News:

  • Meta was fined $276MM for data-scraping. (WSJ)
  • Will the Supreme Court gut corruption laws? (Reuters)
  • Auditors nervous edition. (FT)
  • Does the SEC whistleblower program need greater transparency? (Bloomberg)
Categories
Daily Compliance News

October 22, 2022 the Managers are Not Alright Edition

In today’s edition of Daily Compliance News:

  • Avoiding corruption in Ukraine reconstruction. (Brookings Institute)
  • Middle managers are not OK. (Bloomberg)
  • Meta continues to seek debarment of FTC chief. (Reuters)
  • Senate asks DOJ to publish white-collar prosecution data. (WSJ)
Categories
Life with GDPR

Meta Fined €405 million by Irish Data Protection Commission

Jonathan Armstrong and Tom Fox return for another episode of the award-winning Life with GDPR. In this episode, we discuss the recent fine by the Irish Data Protection Commission levied against Meta €405 million for Instagram Data Protection Infringements. Some of the highlights  include:

1.     What is the background of the case?

2.     What was the basis for the fine?

3.     What happens next?

4.     What did other national agencies and commissions, particularly the EDPB say?

5.     What are the lessons learned?

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 to their website here. Also, check out the GDPR Navigator, one of the top resources for GDPR Compliance, by clicking here.

Categories
Daily Compliance News

October 19, 2022 the Holcim Paid Terrorists Edition

In today’s edition of Daily Compliance News:

·       More Austrian corruption unfolding. (FT)

·       Cybersecurity tops CIO agendas. (WSJ) 

·       Holcim pleads guilty to making payments to terrorists. (Bloomberg)

·       Meta forced to sell Giphy. (NYT)

Categories
Daily Compliance News

October 11, 2022 the Rethink Edition

In today’s edition of Daily Compliance News:

  • Corruption and money laundering are destroying the planet. (FCPA Blog)
  • UK to ‘rethink’ replacing GDPR. (TechCrunch)
  • Meta appeals €405 million fine. (Cordery Compliance)
  • More whistleblowers at EY (FT)
Categories
Daily Compliance News

August 29, 2022 the Cesspool of Corruption Edition

In today’s edition of Daily Compliance News:

  • Facebook to settle Cambridge Analytical lawsuit. (WSJ)
  • Saudi tour sues PGA. (WaPo)
  • How dangerous is the US? Dutch commandos shot while training in Indiana. (Reuters)
  • Haitian government a ‘cesspool of corruption.’ I am shocked. (Miami Herald)
Categories
Daily Compliance News

June 11, 2022 the Sandberg Under Investigation Edition


In today’s edition of Daily Compliance News:

  • Mozambique ex-minister extradited to US. (Bloomberg)
  • When police corruption is real. (Guardian)
  • How bad is it? Starbucks considering ‘hardening’ stores. (NYT)
  • Sandberg under Meta investigation. (WSJ)Meta