Wait, that’s covered? Insurability of Fines and Penalties Flowing From a Cybersecurity Breach
FCPA Compliance and Ethics Report-Episode 31-the FCPA Year in Review, Corporate Enforcement Actions
FCPA Compliance and Ethics Report-Episode 30-Interview with the FCPA Professor-Part 2
Condo complaints not in writing?
Health Data on Leased Photocopier Costs Company $1.2m—What Others Can Learn
The £150 million judgment makes clear the full impact of the trading misfeasance offence for directors....more
In the world of compliance and ethics, the Citigroup internal control debacle serves as a glaring reminder of the critical importance of robust, well-designed, functioning and effective internal controls. The U.K. Financial...more
The Information Commissioner's Office (the "ICO") has clarified the methods it will use to calculate the fines it will issue for breaches of data privacy law in the UK by publishing its latest Data Protection Fining Guidance...more
Recent legislative developments in the United Kingdom, public remarks from the new director of the UK Serious Fraud Office (SFO), and recent parliamentary hearings on the Post Office Horizon scandal put a spotlight on...more
EU AI Act: Political Agreement Reached on Terms of Landmark Legislation - Negotiators for the European Council and the European Parliament have reached political agreement on the provisions of the EU Artificial...more
From 8 October, firms wishing to make a “financial promotion” relating to a “qualifying cryptoasset” can only do so legally if: The financial promotion is communicated by an FCA- or PRA-authorised person....more
Fines are set to more than triple for employers and landlords who employ or rent to those without permission to work or rent—the biggest shake up of civil penalties since 2014—the Home Office has announced. These higher...more
In this month’s Privacy & Cybersecurity Update, we analyze recent fines against Meta and their impact on the future of behavioral advertising, the timeline for the California Privacy Rights Act’s regulations to become...more
A UK company that organises wine and spirits competitions has been fined by the UK Office of Financial Sanctions Implementation (OFSI) for breaching UK financial sanctions....more
Ireland’s Data Privacy Commissioner will reportedly fine Instagram for its handling of children’s data. According to an investigation that began in 2020, Instagram published emails and phone numbers for children ages 13 to 17...more
In March 2022, the UK Competition and Markets Authority (CMA) fined the lighting products supplier, Dar Lighting Limited (Dar), £1.5 million for engaging in resale price maintenance (RPM), in breach of the UK prohibition...more
In June of this year, the Financial Conduct Authority (FCA) took enforcement action against JLT Specialty Limited (JLT) for the second time in the space of a decade. The fine of approximately £7.8 million is in response to...more
The UK’s banking regulator, the Prudential Regulatory Authority (PRA), recently announced that it had fined a UK bank over £5m (over $7m) because of problems caused by uncontrolled spreadsheets in crucial business processes. ...more
The passage of the Pension Schemes Act 2021 (the Act) into the statute books has received press coverage far beyond the usual pension industry commentary. New criminal offences and civil penalties, plus increased powers for...more
After the Carillion and BHS debacles, the Pensions Regulator (tPR) announced it was going to be “clearer, quicker and tougher”. The new Pension Schemes Act 2021 (the Act), which received Royal Assent on 11 February 2021,...more
his week sees a key hearing before the UK Supreme Court in the case of Lloyd v Google, an event long awaited by those familiar with data protection law proceedings in Europe. The case concerns the so-called “safari...more
After the Carillion and BHS debacles, the Pensions Regulator (tPR) announced it was going to be "clearer, quicker and tougher". The new Pension Schemes Act 2021 (the Act), which received Royal Assent on 11 February 2021,...more
CEP Magazine (January 2021) - After extended investigations and negotiations, the United Kingdom’s Information Commissioner’s Office levied a fine of £18.4 million against Marriott International Inc. for a data breach...more
On 17 June 2020, the London branch of Commerzbank AG (“Commerzbank London”) was fined £37,405,400 by the Financial Conduct Authority (“FCA”). The FCA’s fine against Commerzbank emphasises a continued focus on Anti-Money...more
The Information Commissioner’s Office (ICO), the UK’s data protection supervisory authority, has recently issued guidance outlining its approach to the enforcement of data protection obligations during the COVID-19 pandemic....more
On March 10, 2020, the England and Wales Court of Appeal (CoA) handed down its judgment in the appeals by the U.K. Competition and Markets Authority (CMA) and Flynn Pharma Ltd. against a June 2018 Competition Appeal...more
The decision to appeal a regulatory finding is never taken lightly. By the time a regulator has completed its investigation and notified a company of its intention to fine, the company will have invested significant time and...more
As expected, following the general election the new government has reintroduced the Pension Schemes Bill and is taking forward changes consulted on in 2018. The Bill will significantly increase the Pension Regulator's powers...more
After the Carillion and BHS debacles, the Pensions Regulator (tPR) announced it was going to be "clearer, quicker and tougher". The new Pension Schemes Bill (the Bill) currently going through Parliament will give tPR...more
Report on Supply Chain Compliance 3, no. 2 (January 23, 2020) - Two recent enforcement actions shed light on how regulators will enforce GDPR provisions going forward. In one case, the United Kingdom’s Information...more