On April 11, 2025, the National Security Division (NSD) of the Department of Justice issued a press release (Press Release) that outlines its approach to implementing and enforcing the DOJ’s recent final rule on “Preventing...more
In January 2025, the Department of Homeland Security (DHS) released its “Playbook for Public Sector Generative Artificial Intelligence Deployment” (the “Playbook”). The Playbook provides valuable insights and actionable steps...more
This month’s briefing covers President Trump’s executive orders, as well as the EU Commission’s decision not to proceed with the AI Liability Directive. Meanwhile, an advocacy organization’s lawsuit alleges Meta’s ad...more
On February 21, 2025, Bybit, one of the world’s largest cryptocurrency exchanges, suffered a cyberattack resulting in the theft of approximately $1.5 billion in Ethereum tokens. This attack marked a new pinnacle in the...more
3/6/2025
/ Anti-Money Laundering ,
Compliance ,
Cryptocurrency ,
Cybersecurity ,
Data Security ,
Digital Assets ,
Economic Sanctions ,
FinCEN ,
National Security ,
North Korea ,
Office of Foreign Assets Control (OFAC) ,
Privacy Laws ,
Risk Mitigation
Below is a summary of some of the measures identified in the Policy, and some suggestions for what foreign and domestic investors should be considering as this goes into effect....more
On February 18, 2025, Denise Cheung, leader of the criminal division at the U.S. Attorney’s Office for the District of Columbia, abruptly resigned. Prior to her resignation, Cheung had been at the Department of Justice (DOJ)...more
On January 23, 2025, PayPal settled an enforcement action brought by the New York State Department of Financial Services (NY DFS) for failing to comply with cybersecurity regulations required for financial services businesses...more
2/14/2025
/ Corporate Counsel ,
Customers ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Enforcement Actions ,
Financial Services Industry ,
Hackers ,
New York ,
NYDFS ,
PayPal ,
Policy Violations ,
Regulatory Requirements ,
Risk Management ,
Sensitive Personal Information ,
Tax Forms
On February 3, 2025, the U.S. Attorney’s Office for the Eastern District of New York (EDNY) unsealed an indictment against Andean Medjedovic, a 22-year-old Canadian national, for allegedly stealing approximately $65 million...more
2/11/2025
/ Blockchain ,
Canada ,
Computer Fraud and Abuse Act (CFAA) ,
Cryptocurrency ,
Cybersecurity ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Enforcement Actions ,
Financial Crimes ,
Fraud ,
Money Laundering ,
New York
Over the past few days, the Department of Justice (DOJ) has issued several significant policy memos that reshape the landscape for corporate legal risk, particularly for multinational corporations engaged in international...more
This month we cover developments involving the Federal Trade Commission, the Centers for Medicare & Medicaid Services, the Financial Stability Board, the California Privacy Protection Agency, the Colorado Division of...more
Background -
On December 2, 2024, BIS announced two new rules under the EAR targeting the PRC’s ability to produce “advanced-node” semiconductors, including advanced-node integrated circuits (ICs), which can be used in...more
On September 17, 2024, electronic pagers and walkie-talkies belonging to members of Hezbollah exploded. Over the course of two days, several people were killed and wounded. This incident highlights the broad set of concerns...more
This month, the NYDFS issued guidance on cybersecurity risks tied to AI for financial services firms, focusing on risks like AI-enabled attacks and third-party dependencies; California passed a law regulating AI in health...more