Block, the owner of Cash App and Square, will pay $175 million to settle allegations that its lax consumer protection practices put customers at high risk of fraud, the Consumer Financial Protection Bureau said. #CFPB

Two large data brokers, Mobilewalla and Gravy Analytics, collected billions of records containing sensitive geolocation and personal data of millions of people, and then sold it without their consent, the Federal Trade Commission said. #FTC

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Cannabis hedge fund Navy Capital Green Management agreed to pay $150,000 to settle charges levied by @SECgov that the firm misled investors about its AML/CFT policies and allowed a sanctioned Russian oligarch to invest. #SEC #AML #CFT #sanctions

Having worked for CW for three years, I’ve always found it remarkable how compliance professionals can be so consistently upbeat about their plight. But as difficult as the job can be, that clearly doesn’t mean it can’t be fun #compliance

Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens the door to cases for ignoring rules, such as those regarding AML/CFT. #GDPR #AML #CFT

.@ElonMusk, the world’s wealthiest person and the apparent right-hand man of President Donald Trump, has been taken to court for a third time by @SECgov for allegedly violating securities law.

Block, the owner of Cash App and Square, will pay $175 million to settle allegations that its lax consumer protection practices put customers at high risk of fraud, the Consumer Financial Protection Bureau said. #CFPB

Two large data brokers, Mobilewalla and Gravy Analytics, collected billions of records containing sensitive geolocation and personal data of millions of people, and then sold it without their consent, the Federal Trade Commission said. #FTC

Cannabis hedge fund Navy Capital Green Management agreed to pay $150,000 to settle charges levied by @SECgov that the firm misled investors about its AML/CFT policies and allowed a sanctioned Russian oligarch to invest. #SEC

Legal cases and fines for noncompliance with EU’s GDPR could rise sharply after a court found that a breach was a source of unfair competition. The judgment also opens doors to civil cases over companies that ignoring rules, like those regarding AML/CFT

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RT @K2Integrity: @K2Integrity’s Jason Straight will be sharing expert insights at the @complianceweek #Cyber Risk and Data Privacy Summit o…

Elon Musk, the world’s wealthiest person and the apparent right-hand man of incoming U.S. president Donald Trump, has been taken to court for a third time by the Securities and Exchange Commission for allegedly violating securities law. #SEC

The @US_FDA announced it has revoked authorization for color additive Red No. 3 from food, beverages, and drugs. Health concerns over dye have existed since it was banned from cosmetics in 1990. #FDA

Twelve more firms have been dinged with fines by @SECgov for failing to properly supervise employees who used off-channel comms to conduct company business. #SEC #offchannelcomms

Capital One promised very high interest rates on millions of savings accounts but the bank didn’t deliver, losing customers more than $2 billion, the Consumer Financial Protection Bureau alleged. #CFPB #CapitalOne

In tandem with the Commerce Department’s Bureau of Industry and Security, last week the Biden administration issued a new rule on export controls of domestically produced artificial intelligence chips.

RT @DOGE: The Executive Order establishing DOGE

RT @CFTC: @CFTC Names @CFTCpham Acting Chairman: