The Wall Street Journal | By: The Editorial Board | September 17, 2017: An appellate panel rewrites Supreme Court precedent to give free rein to prosecutors. Prosecutors and regulators like to define insider trading broadly—they claim to know it when they see it. A Second Circuit Court of Appeals panel Read more…
The Wall Street Journal | By: Robert McMillan | September 18, 2017: The crisis has sent shock waves through the industry, spooked consumers and sparked investigations. On March 8, researchers at Cisco Systems Inc. reported an online security flaw that allowed hackers to break into servers around the internet. Cisco Read more…
The Wall Street Journal | By: Chao Deng | September 18, 2017: Chinese authorities are moving toward a broad clampdown on bitcoin trading, testing the resilience of the virtual currency as well as the idea its decentralized nature protects it from government interference. Regulators have decided on a comprehensive ban Read more…
Reuters | September 17, 2017: Beijing will suspend construction of major public projects in the city this winter in an effort to improve the capital’s notorious air quality, official media said on Sunday, citing the municipal commission of housing and urban-rural development. All construction of road and water projects, as Read more…
The Wall Street Journal | By: Brian Blackstone September 17, 2017: Global central bank consortium says there may be up to $14 trillion in “missing” foreign exchange-related debt, with uncertain effects on financial stability. Nonfinancial companies and other institutions outside of the U.S., excluding banks, may be sitting on as Read more…
The Hill | By: Sylvan Lane | September 16, 2017: The House Financial Services Committee is considering a bill that would ban any foreign bank that does business with North Korea from the United States financial system. The potential move comes as the North Korean government expands the scope and Read more…
The RSA Conference | By: Tony Kontzer | GPE – September 14, 2017: It’s hard to stonewall hackers who are threatening to share sensitive data they’ve stolen about customers and employees on the dark web if they don’t receive a ransom. The prospect of calling the bluff and risking the Read more…
The FCPA Blog | By: Fahira Brodlija | GPE – September 13, 2017: The U.S. legal system doesn’t provide for an FCPA compliance defense, which would relieve a company of liability for FCPA violations if it can prove that it created and maintained an effective FCPA compliance program at the Read more…
The Wall Street Journal | By: Rachel Witkowski and Leslie Scism | GPE – September 12, 2017: A federally underwritten program, already roughly $25 billion in debt from earlier storms, faces huge new claims as Hurricane Harvey poses new hazards to a giant U.S. flood insurer already facing mounting debt Read more…
The Financial Times | September 10, 2017: An army of Chinese entrepreneurs faces the future with a sense of adventure. China’s army of entrepreneurs is facing the future with an unrivalled sense of adventure and curiosity. The millions of internet-connected bikes that have appeared on the streets of China’s major Read more…
The Wall Street Journal | By: Chao Deng | September 10, 2017: Authorities to ban commercial trading of all virtual currencies. Chinese authorities plan to shut down domestic bitcoin exchanges, delivering a final blow to a once-thriving industry of commercial trading for virtual currencies, which took off inside the mainland Read more…
The Wall Street Journal | By: Christina Rexrode | September 08, 2017: The credit-reporting company has come under attack for its handling of data-breach that exposed information of 143 million consumers. Consumers, financial firms and regulators attempted to assess the damage the large hack at Equifax Inc. EFX -13.66% could Read more…
Reuters | By: Dustin Volz, David Shepardson | September 08, 2017: Equifax Inc (EFX.N) faced a storm of criticism on Friday over a hack that may have compromised personal data for some 143 million Americans, with consumers clamoring for answers and cyber security experts questioning the response to the massive Read more…
U.S. GAO | Anti-Money Laundering | GPE – September 08, 2017: GAO-17-684: Published: Aug 22, 2017. Publicly Released: Sep 7, 2017. Transnational drug traffickers try to launder their money to make illicit proceeds appear legitimate. To help fight this, U.S. agencies and regulators monitor financial institutions’ compliance with anti-money laundering Read more…
The New York Times | By: Tiffany Hsu | September 07, 2017: Equifax, one of the three major consumer credit reporting agencies, said on Thursday that a data breach left Social Security numbers, driver’s license numbers and other sensitive information for 143 million United States consumers vulnerable to hackers. Criminals Read more…
The FCPA Blog | By: Richard L. Cassin | GPE – September 07, 2017: The Treasury Department’s Financial Crimes Enforcement Network added Honolulu to a reporting program for real estate deals involving cash transactions. Originally published August 23, 2017: FinCEN also extended reporting requirements for six other metropolitan areas under Read more…
The FCPA Blog | By: Richard L. Cassin | GPE – September 07, 2017: The U.S. Treasury Department’s Office of Foreign Assets Control put more entities and individuals from China, Russia, Singapore and Namibia on the North Korea sanctions list. Originally published August 22, 2017: OFAC said the blocked companies Read more…
The FCPA Blog | By: Frances McLeod | GPE – September 07, 2017: Companies are increasingly frustrated by privacy protection laws that vary from country to country. But the European Union’s new General Data Protection Regulation (GDPR), which becomes law on May 25, 2018, eliminates much of the confusion with Read more…
The New York Times | By: Nathaniel Popper | GPE – September 07, 2017: In a growing number of online attacks, hackers have been calling up Verizon, T-Mobile U.S., Sprint and AT&T and asking them to transfer control of a victim’s phone number to a device under the control of Read more…
The White House | GPE – September 07, 2017: ESTABLISHING DISCIPLINE AND ACCOUNTABILITY IN THE ENVIRONMENTAL REVIEW AND PERMITTING PROCESS FOR INFRASTRUCTURE PROJECTS. Originally published August 15, 2017: By the authority vested in me as President by the Constitution and the laws of the United States of America, and in Read more…
European Court Of Human Rights | September 2017: This Factsheet does not bind the Court and is not exhaustive. Article 8 (right to respect for private and family life, home and correspondence) of the European Convention on Human Rights provides that: “1. Everyone has the right to respect for his Read more…
The Wall Street Journal | By: By Lawrence Cappello | September 04, 2017: A Washington, D.C., judge strikes the balance in an investigation of riots on Inauguration Day. News broke last month that the Justice Department had demanded DreamHost, a Los Angeles tech company, turn over information on more than Read more…
European Court Of Human Rights | September 2017: This factsheet does not bind the Court and is not exhaustive. Personal Data Protection: “The mere storing of data relating to the private life of an individual amounts to an interference within the meaning ofArticle 8 [of the European Convention on Human Read more…
The Hill | By: Michael DeLaGarza | GPE – September 05, 2017: In January, Secretary of Homeland Security Jeh Johnson announced: “Given the vital role elections play in this country, it is clear that certain systems and assets of election infrastructure meet the definition of critical infrastructure, in fact and Read more…
Project Syndicate | By: Andrew Sheng and Xiao Geng | August 30, 2017: Financial markets today are thriving. The Dow Jones industrial average, the S&P 500, and the Nasdaq composite index have all reached record highs lately, with emerging-economy financial markets also performing strongly, as investors search for stability amid Read more…
The Wall Street Journal | By: Chao Deng | September 04, 2017: Prices for bitcoin and ethereum tumble after ban announced. Chinese authorities banned a type of fundraising using cryptocurrencies like bitcoin, dealing a blow to startups and other businesses that seized on the relatively new method of raising capital. Read more…
Reuters | GPE – September 03, 2017: Launches of new digital currencies, known as initial coin offerings (ICOs), have shaken up social and economic order, created hidden financial risks, and in some cases may amount to fraud, China’s National Internet Finance Association said. Originally published August 31, 2017: ICO investors Read more…
Reuters | By: Swati Pandey | GPE – September 03, 2017: Australia said on Thursday it would strengthen its money laundering laws, including bringing bitcoin providers under the government’s financial intelligence unit, days after a fresh scandal at one of the country’s biggest banks. Originally published August 17, 2017: The Read more…
Xinhuanet | By: Xiang Bo | August 29, 2017: XI’AN, Aug. 29 (Xinhua) — A resort hotel in Yangling, an agricultural high-tech demonstration zone in northwest China’s Shaanxi Province, has seen its tax drop by 670,000 yuan (about 101,200 U.S. dollars) since May last year. The company’s revenue was 20 Read more…
Financial Times | By: Various Authors | August 28, 2017: From 1m in 2013, the number of Chinese in the continent is in decline, analysts say Like dozens of others from his sleepy fishing village on China’s south-east coast, Wen Wenyuan set off a few years ago to start a Read more…
Financial Times | By: Various Authors | August 24, 2017: China’s reliance on infrastructure to drive overall investment hit a new high last month, raising worries that Beijing’s intensifying crackdown on local government debt, which mainly finances infrastructure, will drag down overall growth. Fixed-asset investment remains the biggest engine of Read more…
The Wall Street Journal | By: Nicole Hong | August 23, 2017: Judges reject former SAC Capital Advisors manager Mathew Martoma’s request for new trial: Prosecutors recovered lost ground in their fight against insider trading with a court decision Wednesday upholding the 2014 conviction of former SAC Capital Advisors LLP Read more…
Xinhuanet | July 12, 2017: LHASA, July 12 (Xinhua) — Yandao, 35, had never been to Qinghai-Tibet Plateau before he joined an observation team on China’s second scientific expedition to the plateau in June. Yandao, a member of the Blang ethnic minority, comes from a small village in Xishuangbana, in Read more…
Xinhuanet | August 17, 2017: XINING, Aug. 17 (Xinhua) — A living biobank was set up in northwest China’s Qinghai Province on Wednesday. The living biobank is in Dulan County on the Qinghai-Tibet Plateau. The county is home to 43 species of endangered animals including Tibetan antelope, snow leopard and Read more…
Xinhuanet | July 27, 2017: SHENZHEN, July 27 (Xinhua) — A total of 155 nature reserves exist on China’s Qinghai-Tibet Plateau, according to figures released at the ongoing 19th International Botanical Congress in the southern Chinese city of Shenzhen. The reserves cover more than 820,000 square kilometers, 32 percent of Read more…
Risk.Net | By: Louie Woodall | August 17, 2017: US regulators are raising concerns about the use of machine learning techniques to assess contagion risks in bank model networks. Last year, certain entities supervised by the US Federal Reserve were asked to analyse their aggregate model risk – essentially the interactions and dependencies between various Read more…
FirstPost | By: Various Authors | August 17, 2017: Agartala: Due to severe floods in Assam, West Bengal and Bihar, the northeastern region has been cut off by rail from the rest of India for about a week, officials said on Thursday. “As many railway tracks and stations in Assam, North Read more…
Reuters | August 18, 2017 BEIJING/SHANGHAI (Reuters) – China will strengthen rules to defuse risks for domestic companies investing abroad and curb “irrational” overseas investment in its Belt and Road initiative, the state planner said on Friday. The National Development and Reform Commission (NDRC) said in an online statement lauding Read more…
The FCPA Blog | By: Nick Henderson | August 17, 2017: If an employee or a contractor helps someone evade their taxes, that business can be prosecuted for failing to prevent it happening. The Criminal Finances Act applies to any business either based in the UK, or with a UK Read more…
Nextgov | By: Joseph Marks | August 14, 2017: The IRS is still failing to adequately protect U.S. taxpayers’ personal information and sensitive financial data, according to an audit report announced Monday. The Government Accountability Office is not releasing the text of the report because it contains either classified or Read more…
Defense One | By: Brietta Hague | August 14, 2017: In 1991, Estonia was part of the dying communist empire. Its economy was run by central planners in Moscow, less than half of all households had a phone line, and goods were so scarce that people had to line up Read more…
Defense One | By: Jack Corrigan | August 11, 2017: Foreign and domestic hackers probed hundreds of security holes in critical Air Force networks for weeks in late spring, and the Pentagon knew all about it. But instead of getting punished, the hackers got paid. The Defense Department’s third and Read more…
McKinsey & Company | By: Daniel Mikkelsen, Kayvaun Rowshankish, Henning Soller, and Kalin Stamenov | August 2017: Data protection has always been important. Now it’s becoming urgent. Here’s a primer on how companies can adapt to the new rules. Europe is on the brink of a sea change in its Read more…
The FCPA Blog | August 11, 2017: The five government agencies with the most ongoing FCPA-related investigations as of today, according to FCPA Tracker, are: 1. U.S. Securities and Exchange Commission — 79 Investigations 2. U.S. Department of Justice — 77 Investigations 3. UK Serious Fraud Office — 15 Investigations Read more…
The Wall Street Journal | By: Mark Maremont and Christopher S. Stewart | August 10, 2017: Affidavit alleges American citizen Mohamed Elshinawy was part of a global network stretching from Britain to Bangladesh. U.S. investigators uncovered a global financial network run by a senior Islamic State official that funneled money Read more…
Reuters | August 10, 2017: BEIJING (Reuters) – China has sent an “unbreakable” code from a satellite to the Earth, marking the first time space-to-ground quantum key distribution technology has been realized, state media said on Thursday. China launched the world’s first quantum satellite last August, to help establish “hack Read more…
UK Information Commissioner’s Office | By: Elizabeth Denham, Information Commissioner | August 09, 2017 The General Data Protection Regulation comes into force on 25 May 2018. That’s not new news. But it is a fact. It’s also fact that not everything you read or hear about the GDPR is true. Read more…
Privacy Laws & Business | August 07, 2017: The Data Protection Bill will implement into UK law the GDPR derogations and the EU Data Protection Law Enforcement Directive, the government announced today. The majority of the EU General Data Protection Regulation (GDPR) provisions will automatically become UK law on 25 Read more…
The FCPA Blog | By: Shruti J. Shah | August 09, 2017: Anonymous companies have attracted much attention in the past couple of years, and for good reason. These companies are used to facilitate a number of crimes, including corruption, money laundering and the trafficking of arms, drugs and humans. Read more…
The Wall Street Journal | By: Robert McMillan | August 07, 2017: Bill Burr’s 2003 report recommended using numbers, obscure characters and capital letters and updating regularly — he regrets the error. The man who wrote the book on password management has a confession to make: He blew it. Back Read more…
The FCPA Blog | By: Steven Smart | August 07, 2017: Halliburton’s recent decision to enter into a $29.2 million settlement with the SEC over alleged FCPA violations in Angola illustrates the challenges faced by corporate compliance officers in designing and implementing an effective FCPA compliance program. Halliburton had a Read more…
The Financial Times | By: Claire Manibog | August 6, 2017: Reckoning continues 10 years after housing downturn became market meltdown. Financial institutions have paid more than $150bn in fines in the US relating to the credit crisis, passing a significant milestone a decade after it became clear American subprime Read more…
Lexology.com | By: Bryan Cave LLP | August 02, 2017: Two companies in Singapore, CSE Global and CSE Transtel, agreed to pay the Office of Foreign Assets Control (“OFAC”) $12,027,066 to settle charges that they violated the Iran Transactions and Sanctions Regulations (“ITSR”). The charges arose from CSE Transtel supplying Read more…
The Wall Street Journal | By: Robb M. Stewart | Aug. 3, 2017: Australia’s financial-intelligence agency accused the nation’s biggest bank of failings it said may have opened the way for money laundering and financial crime. In a civil suit filed Thursday in the federal court in Sydney, the Australian Read more…
The Financial Times | August 04, 2017: As you cross the bridge over the Rhine at Leverkusen you notice something strange. This is one of Germany’s most critical transport corridors, near one of its biggest industrial hubs — yet among the thousands of vehicles that use it every day, there Read more…
The Financial Times | August 03, 2017: Attackers have cracked some of the most difficult problems for traditional companies. Buried in the avalanche of recent cyber attacks, there is good news and bad. Ransomware attacks, which paralysed many organisations — from parts of the UK’s National Health Service to the Read more…
The FCPA Blog | By: Roberto J. Gonzalez and Michael E. Gertzman | August 1, 2017: Last week the U.S. Treasury Department’s Office of Foreign Assets Control announced a $12 million settlement with CSE Global Limited and its subsidiary, CSE TransTel Pte. Ltd., both based in Singapore. TransTel entered into Read more…
Reuters | By: Gertrude Chavez-Dreyfuss and Anna Irrera | August 1, 2017: Bitcoin’s underlying software code could be split on Tuesday to create a clone called “Bitcoin Cash,” potentially providing a windfall for holders of the digital currency. The initiative is being led by a small group of mostly China-based Read more…
Reuters | By: Anne Marie Roantree | August 1, 2017: Hong Kong’s securities regulator has vowed to take action against private equity funds and discretionary accounts involved in “improper activities” amid increased market scrutiny by authorities and investors in the financial hub. The Hong Kong government and regulators are growing Read more…
The FCPA Blog | By: Jianwei (Jerry) Fang | July 31, 2017: In June this year, the Market Supervision Commission of the Shenzhen Municipality published an instructive standard document named Anti-bribery Management System Shenzhen Standard to help companies and other organizations prevent bribery, and detect and deal with any bribery Read more…
The Wall Street Journal | By: Byron Tau | Updated July 29, 2017: At demonstration to test security of election technology, a computer specialist exploits an old Windows XP flaw. A touch-screen voting machine used in a 2014 election in Virginia was hacked in about 100 minutes by exploiting a Read more…
Reuters | By: Sarah N. Lynch | July 27, 2017: Wall Street’s top U.S. regulator needs to improve the way it protects its own computer networks from cyber attacks, according to a new report by a congressional watchdog office. The 27-page report by the Government Accountability Office found the Securities Read more…
Reuters | By: Christine Kim | July 28, 2017: North Korea is behind an increasingly orchestrated effort at hacking into computers of financial institutions in South Korea and around the world to steal cash for the impoverished country, a South Korean state-backed agency said in a report. In the past, Read more…
The Wall Street Journal | By: Mara Lemos Stein | Jul 26, 2017: Provisions in the U.K.’s Criminal Finances Act of 2017 allowing for greater information sharing by financial institutions are unlikely to spur a flurry of joint reports of suspected money laundering activity, as the new procedures are more Read more…
Reuters | By: Jack Stubbs, Karolina Tagaris and Anna Irrera | July 26, 2017: A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to Read more…
The Wall Street Journal | By: Paul Vigna and Dave Michaels | Updated July 25, 2017: At issue is sector where more than $1 billion has been raised this year but which has been criticized for lacking standards. The Securities and Exchange Commission on Tuesday moved to restrain a hot Read more…
US Treasury | Financial Crimes Enforcement Network | July 26, 2017: Treasury’s First Action Against a Foreign-Located Money Services Business. WASHINGTON—The Financial Crimes Enforcement Network (FinCEN), working in coordination with the U.S. Attorney’s Office for the Northern District of California, assessed a $110,003,314 civil money penalty today against BTC-e a/k/a Read more…
Zurich | Knowledge Hub | World Economic Forum | GPE – July 26, 2017: North American companies rely heavily on both physical and digital infrastructures. Find out why your company could be compromised by these risks and ways you can better manage them. Originally published May 10, 2017: North American Read more…
Defense One | By: Mitch Herckis | July 25, 2017: Retired four-star Marine Gen. John Allen has seen the cyber threat in action and believes it’s targeted at counties. That was his message to a roomful of county officials at the National Association of Counties Tech Town Hall on Saturday Read more…
The Hill | By: Naomi Jagoda | July 25, 2017: The IRS is seeing a rise in business-related identity thefts even as the number of individuals who report ID theft is significantly declining. “The IRS, state tax agencies and the tax community have worked hard to turn the tide against Read more…
Financial Times | By: Martin Wolf | GPE – July 25, 2017: The gap between rich and poor nations narrows as the sources of dynamism in high-income economies slow. Originally published on July 19, 2017: What is happening to the world economy? Here are some answers, in seven charts. They Read more…
Financial Times | GPE – July 25, 2017: Brussels sends letters to 17 countries about missing deadline to launch company register. Brussels has rebuked national governments in the EU for failing to apply rules aimed at making it harder for terror organisations and criminal gangs to hide their money by Read more…
The Wall Street Journal | By: Christopher Mims | July 23, 2017: In the war taking place across the global internet, everyone is a combatant — and a target. This is already a banner year for hacks, breaches and cyberwarfare, but the past week was exceptional. South Carolina reported Read more…
Xinhua | Editor: ZD | July 22, 2017: BEIJING, July 22 (Xinhua) – Once known as the “world’s factory” for producing cheap goods, China is relentlessly moving into an advanced stage in manufacturing upgrades in a time when the real economy matters like never before. Two years after China announced Read more…
The Wall Street Journal | By: Tom Fairless | Updated July 20, 2017: The European Central Bank pushed back further a decision on whether to wind down its giant bond-buying program. The European Central Bank delayed discussion over whether to wind down its giant bond-buying program, underlining a recent tone Read more…
The Wall street Journal | By: Megumi Fujikawa and Yoko Kubota | Updated July 20, 2017: Bank Of Japan leaves policy rates on hold, raises view on economy. Japan’s timetable for achieving stable inflation has again been extended by a year. The Bank of Japan on Thursday pushed back the Read more…
The FCPA Blog | By: Martin Kenney | July 19, 2017: I have long advocated that Grand Corruption should be considered a crime against humanity, under Article 7(1)(k) of the Rome Statute establishing the International Criminal Court. Given my prior interest and area of professional expertise, the recent announcement that Read more…
The Wall Street Journal | By: By Gregory Zuckerman and Rob Copeland | Updated July 20, 2017: Steven Cohen, David Einhorn and others are facing looming tax bills for years of offshore gains. Hedge-fund managers for years accumulated offshore gains without paying federal and state taxes. Now Uncle Sam is Read more…
The FCPA Blog | By: Alexandra Gillies | July 20, 2017: Shell companies have been called the “getaway cars” of corruption. In some jurisdictions, including the United States, individuals can easily set up anonymous companies and use them to hide stolen funds. Last week, members of congress introduced bipartisan bills Read more…
The Hill | By: Melanie Zanona | 07/20/17: The timing and fate of President Trump’s infrastructure plan may depend on whether the GOP enacts major tax reform — a task that could prove challenging amid the struggle to pass a healthcare bill. Republicans are signaling that a massive rebuilding package, Read more…
Financial Times | July 18, 2017: This is shadow banking moving to the next stage of private money creation. Imagine a market where almost anyone can launch their own currency in exchange for millions of dollars of liquid funding without so much as a liability. Now imagine a market where Read more…
The FCPA Blog | By: Richard L. Cassin | Monday, July 17, 2017: The World Bank Group announced the debarment Friday of AECOM Asia Company Limited for 18 months for violating the Bank’s guidelines for consultants. The debarment is part of a Negotiated Resolution Agreement (NRA). A World Bank investigation Read more…
The Wall Street Journal | By: Mick Mulvaney | July 12, 2017 6:41 p.m. ET: If the Trump administration has one overarching goal, it’s to Make America Great Again. But what does this mean? It means we are promoting MAGAnomics—and that means sustained 3% economic growth. For most of our Read more…
KPMG | GPE – July 16, 2017: Report originally published by KPMG in 2009: The development of infrastructure within China has consistently been a key focus for the government in the economic development initiatives encapsulated in regular Five-Year Plans, which are now into their eleventh cycle (2006 to 2010). With Read more…
Pricewaterhouse Coopers | Oxford Economics | GPE – July 16, 2017: Extract From The Report: Infrastructure spending has begun to rebound from the global financial crisis and is expected to grow significantly over the coming decade. That is the main finding of “Capital Project And Infrastructure Spending: Outlook To 2025” Read more…
Financial Times | July 16th, 2017: Beijing pushes ahead with spending and new shipping routes through Arctic circle. China is ramping up acquisitions of overseas ports as it expands its reach as a maritime power, doubling its investments in port projects over the past year to $20bn and pushing ahead Read more…
The Wall Street Journal | By: Alexa Corse | July 11, 2017 5:30 a.m. ET: The intrusion failed, but the incident prompted new precautions and concern by lawmakers. Last August, Maryland’s State Board of Elections noticed something suspicious: Someone was probing the state’s online voter-registration system, using an internet address Read more…
Next Gov | By: Joon Ian Wong | July 11, 2017: Hackers in Singapore are going legit: The government may soon require them to get a license. As part of a draft bill that will make sweeping changes to Singapore’s national cybersecurity regime, already rated the world’s best by the Read more…
Defense One | By: Jack Watling | July 11, 2017: On Sunday, Haider al-Abadi, the prime minister of Iraq, visited Mosul to herald the success of his army’s nine-month struggle to recapture the city from the Islamic State. In a speech on state television the next day, he declared “the Read more…
The Wall Street Journal | By Kris Maher | Updated July 11, 2017 8:29 p.m. ET: Wish list for crumbling West Virginia facility is a big ask given U.S. funding levels. CHARLESTON, W.Va.—Two years ago, a safety area at the end of a runway designed to mitigate emergencies at Yeager Read more…
Reuters | July 12, 2017 | 5:36 AM: BEIJING (Reuters) – Apple Inc on Wednesday said it is setting up its first data center in China, in partnership with a local internet services company, to comply with tougher cyber-security laws introduced last month. The U.S. technology company said it will Read more…
The FCPA Blog | By: Richard L. Cassin | Monday, July 10, 2017 at 9:28AM: Three fund managers and a national government said in SEC filings last week that Odebrecht’s corruption scandal has become a problem and a risk factor for them. Brazil-based Odebrecht, an engineering and construction giant with Read more…
The Washington Post | By: Kevin Sieff | July 10 at 7:32 PM: WINDHOEK, Namibia — Near the southern tip of Africa, 8,000 miles from Pyongyang, this capital city is an unlikely testament to North Korean industry. There’s the futuristic national history museum, the sleek presidential palace, the sprawling defense Read more…
Xinhua| Editor: Liangyu | 2017-07-11: BEIJING, July 11 (Xinhua) – China’s sovereign wealth fund China Investment Corporation (CIC) said Tuesday that its overseas investment returned to profit in 2016 despite uncertainties in the global investment environment. CIC posted a U.S. dollar-denominated net return of 6.22 percent in overseas investment last Read more…
Xinhua| Editor: Yamei | 2017-07-11: HAMBURG, Germany, July 11 (Xinhua) — The just-concluded G20 summit sent a positive signal that the world’s major economies, of which China is a bellwether, will push for “interconnected” growth, enhance economic cooperation and improve global governance. The Hamburg summit, themed “shaping an interconnected world,” Read more…
Privacy Laws & Business | July 10, 2017: The EU Commission hopes to issue Japan with an adequacy decision on international data transfers by early 2018. A joint statement of 4 July by Věra Jourová, EU Commissioner for Justice, and Haruhi Kumazawa, a Commissioner of Japan’s Personal Information Protection Commission, Read more…
The FCPA Blog | By: Richard L. Cassin | Monday, July 10, 2017 at 7:28AM Wall Street’s independent regulator warned that people claiming to be involved in the hiring process for legitimate organizations are using Skype and similar apps to phish for personal information and money. The Financial Industry Regulatory Read more…
Reuters | By: Phil Stewart and Valerie Volcovici | Jul 10, 2017 | 6:42am EDT: U.S. President Donald Trump on Sunday backtracked on his push for a cyber security unit with Russia, tweeting that he did not think it could happen, hours after his proposal was harshly criticized by Republicans Read more…
The Wall Street Journal | By: Paul Hannon and David Harrison | Updated July 9, 2017 8:03 a.m. ET: Weak growth in prices questions traditional model of linking output and prices. Leading central banks plan to withdraw some of the stimulus measures they have put in place since the financial Read more…
The Washington Post | By: Aaron Gregg | July 9, 2017 | 2:00 PM: The Pentagon is taking initial steps to more closely enforce so-called “Buy American” laws, elevating a series of Depression-era statutes that require manufacturers to rely on U.S. materials when they make guns, equipment, uniforms and food Read more…