Legal & Regulation
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ICO slashes Marriott GDPR fine to £18.4m
UK regulator the Information Commissioner’s Office (ICO) has slashed its proposed GDPR fine of almost £100m against hotel group Marriott…
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H&M’s €35m GDPR fine highlights growing enforcement trend
H&M’s recent €35m GDPR fine, based on a new model formula in Germany, reflects a trend for higher penalties and…
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UK exposes planned Russian cyberattacks on 2020 Olympics as US issues indictments
Russia was planning a major cyberattack on the 2020 Tokyo Olympic and Paralympic Games, which did not go ahead this…
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British Airways’ GDPR fine cut to £20m
British Airways has had its proposed £183.4m GDPR fine reduced to £20m by the UK’s Information Commissioner’s Office (ICO). The…
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Cayman removed from EU non-cooperative tax list as Barbados added
The Cayman Islands has been removed from the EU’s list of non-cooperative jurisdictions for tax purposes, but Anguilla and Barbados…
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Poll shows public trust in corporate sustainability reports at record high
Trust in corporate social and environmental performance is at its highest ever level, according to a global poll by GlobeScan…
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UK mitigates ‘most’ risks for post-Brexit financial services but some gaps for EU clients
The UK’s financial services industry has mitigated most Brexit risks for continuing cross-border business, even if the UK and EU…
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UK firms well behind on compliance with new money laundering directive
Regulated firms in the UK, including banks and estate agents, are only just over half way through implementing the European…
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Parima Resilience Week gathers top insurance industry leaders
The Pan-Asia Risk and Insurance Management Association (Parima) has gathered an impressive line-up of speakers for its coming Resilience Week…
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Businesses and insurers run sanctions risks over ransomware payments, warns US Treasury
The US Treasury has warned that companies and insurers that pay ransoms to cyberattackers, or financial institutions facilitating payments, could…
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H&M hit with €35.3m GDPR fine for snooping on employees
Swedish multinational clothes retailer H&M has been fined €35.3m under the GDPR by Hamburg’s data protection commissioner for snooping and…
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Fiat Chrysler agrees $9.5m settlement with US SEC over emission disclosures
Car manufacturer Fiat Chrysler will pay $9.5m to settle charges with the US Securities & Exchange Commission (SEC), which alleged…
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Skiers sue Austrian government for Covid-19 cases
The Austrian government is facing four civil lawsuits and a potential class action over an outbreak of Covid-19 at a…
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Pandemic has exposed weaknesses in insurers’ ERM, says AM Best
Covid-19 has exposed weaknesses in insurers’ risk management, according to a new AM Best report that warns enterprise risk management…
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Data breach whistleblower reports hit new high
Whistleblower reports to the UK’s Information Commissioner’s Office (ICO) about potential data breaches and misuse of customer information have reached…
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RIMS joins fresh push for government-backed pandemic scheme
Patrick Sterling, RIMS board director and senior director of legendary people and risk management at restaurant chain Texas Roadhouse, has…
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AI the next frontier for risk management software, says Amrae
The integration of artificial intelligence (AI) tools is the next frontier for developers of risk management software, according to AMRAE,…
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Airmic and broker associations welcome High Court BI ruling
Airmic, the UK risk and insurance management association, has welcomed the landmark High Court ruling on business interruption (BI) insurance,…
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Daimler and US authorities finalise $1.5bn dieselgate settlement
German car manufacturer Daimler and its subsidiary Mercedes-Benz have settled actions brought by US authorities over their role in the…
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TMF Group’s index highlights global business complexity
Curaçao, Israel and the US are among the simplest jurisdictions in terms of their legislative environment, while Indonesia tops the…