Competition authorities from G7 nations gathered in Rome this week to address mounting concerns over market concentration and competitive dynamics in the rapidly evolving artificial intelligence sector. The two-day summit, hosted by the Italian Competition Authority (Autorità Garante della Concorrenza e del Mercato), marked a pivotal moment in international cooperation on AI market oversight.
The Open Compliance and Ethics Group (OCEG) has unveiled a comprehensive electronic guide addressing one of the most pressing challenges in modern business: the governance, risk management, and compliance (GRC) of artificial intelligence systems. This strategic publication arrives amid intensifying global discourse on responsible AI adoption and regulatory oversight.
The UK Information Commissioner's Office (ICO) has imposed a £750,000 fine on the Police Service of Northern Ireland (PSNI) following a catastrophic data breach that exposed the personal information of its entire workforce of 9,483 officers and staff.
The Securities and Exchange Commission announced today that Gurbir S. Grewal, Director of the Division of Enforcement, will leave his position effective October 11, 2024. Sanjay Wadhwa, the division's current Deputy Director, will take over as Acting Director, while Sam Waldon will serve as Acting Deputy Director.
The Commodity Futures Trading Commission's recent enforcement actions against three swap execution facilities, resulting in $2.175 million in combined penalties, has sparked significant debate over the agency's evolving regulatory approach, including a rare public dissent from within the Commission itself.
Ovintiv USA Inc. has agreed to pay $5.5 million in civil penalties and implement approximately $10 million in facility upgrades to resolve Clean Air Act violations at its oil and gas production facilities in Utah, federal authorities announced today.
The Financial Conduct Authority (FCA) has imposed a substantial fine of £29 million on digital challenger bank Starling for significant failings in its financial crime prevention systems and controls.