Legal & Regulation
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EU targets energy and agriculture to cut methane emissions in new pledge with US
European risk managers at companies within sectors that emit significant levels of methane, from oil and gas to agriculture, face…
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Twitter pays $809.5m to settle securities class action over user numbers
Twitter has agreed to pay $809.5m to settle a class action lawsuit that alleged the social media site misled investors…
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French Supreme Court reinstates human rights charges against Lafarge for ISIS crimes
France’s Supreme Court has ordered construction firm Lafarge to face charges of complicity in crimes against humanity by Islamic State,…
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German firms face criminal action for alleged human rights abuse in China
The Berlin-based European Center for Constitutional and Human Rights (ECCHR) has filed a criminal complaint in Germany against several high-profile…
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RiskBusiness launches compliance checker ahead of new EU-US data law
Compliance solutions firm RiskBusiness has launched a new GDPR Equivalency Checker, which specifically targets European companies caught by changes to…
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EU financial supervisors call for fast action on cyber resilience framework
European supervisors have warned financial services firms and their national regulators that rising cyber risk demands a “swift” EU-wide common…
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Exclusive: German multinationals still face double insurance tax says Finance Ministry clarification
German multinationals with insured risks outside of the European Economic Area (EEA) will still face double taxation in non-EEA territories…
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GVNW’s Mahnke renews call for state-backed solutions for systemic risks
Alexander Mahnke, chairman of the German risk and insurance managers’ association GVNW, has renewed calls for a public-private partnership (PPP)…
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Judge rules Boeing’s directors must face shareholder action for Max plane crashes
A US judge has ruled that shareholders can pursue Boeing’s directors following two fatal crashes involving its 737 Max plane,…
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Kraft Heinz settles SEC accounting misconduct probe for $62m
Global food group Kraft Heinz Company has agreed to pay $62m to settle accounting misconduct charges levied by the US…
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Irish authorities raise WhatsApp GDPR fine to €225m after European regulator steps in
Messaging service WhatsApp has been fined €225m for GDPR breaches by Ireland’s Data Protection Commission (DPC), which is significantly higher…
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KPMG and partner face misconduct charges over Carillion audit probe
KPMG and several employees have been issued with a misconduct disciplinary by the UK’s Financial Reporting Council (FRC), which said…
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Corporates and insurers face growing liability from forever chemicals
Corporates and their insurers face a threat from growing liability related to so-called ‘forever chemicals’, amid mounting regulation and a…
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Two in five UK workers deterred from legal action by fear of victimisation
Nearly 40% of workers in the UK would be deterred from taking legal action against their employer by fears of…
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Cryptocurrency creating new sanctions risk, finds ICA poll
A big majority of compliance professionals (70%) have taken less than 10 hours training on managing sanctions risk over the…
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Bayer loses Roundup appeal
German pharmaceutical firm Bayer has lost a further appeal against a 2019 case that ruled its weedkiller Roundup caused non-Hodgkin’s…
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SEC awards nearly $6m to two whistleblowers
The US Securities and Exchange Commission (SEC) has awarded almost $6m to two whistleblowers who provided information and assistance in…
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Amazon hit with record €746m GDPR fine
Luxembourg’s National Commission for Data Protection (CNPD) has hit Amazon with a record €746m fine for processing personal data in…
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UK financial services D&Os handed almost £200m in fines since 2020
Financial services director and officers (D&O) in the UK have been hit with more than £196m in large regulatory fines…
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UK subsidiaries and foreign banks urged to close cyber regulatory gap
Subsidiaries of UK banks and branches of non-UK headquartered banks must boost cyber risk management to close the gap between…