compliance

One of the things we associate with the military the most is discipline. Without it, high status and order would not be possible, and anyone who tries to disrupt it is often penalized.However, this officer’s punishment for security workers was not particularly well thought out. Only when he ordered every third car to be checked instead of the usual 15 did he realize the traffic jam he had caused and how it would affect his career.Unfortunately for him, waiting in the 2-mile-long line was a 3-star general who was very…

The EU’s head of antitrust Margrethe Vestager has revealed the bloc is taking a “keen interest” in the new fees Apple has put in place for app developers as part of its new alternative app marketplace policy. Apple introduced alternative app marketplaces to iPhone in the EU earlier this month with iOS 17.4. As a result, developers can now build their own app marketplaces to distribute software by means other than Apple’s App Store. Since then, Apple has also introduced Web Distribution for developers who want to offer…

The European Union’s new Digital Markets Act finally took effect last week, and that means the biggest companies in the technology industry were forced to comply. That includes the likes of Apple, Google, Meta, Microsoft, and more. These companies, designated as “gatekeepers” by the EU, are now subject to regulation. There is a financial incentive for the corporations to get it right, too. If they are not found to be in compliance, they could be heavily fined. The EU states that companies not found to be in compliance…

Google today is sharing more details about the fees that will accompany its plan to comply with Europe’s new Digital Markets Act (DMA), the new regulation aimed at increasing competition across the app store ecosystem. While Google yesterday pointed to ways it already complied with the DMA — by allowing sideloading of apps, for example — it hadn’t yet shared specifics about the fees that would apply to developers, noting that further details would come out this week. That time is now, as it turns out. Today, Google…

March 7 marks the day that six major tech companies — Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft — must provide compliance reports for the European Union’s Digital Markets Act, which has been in effect since May 2023. Here is how these so-called “gatekeeper” companies have complied so far and who else the DMA may apply to. The big change effective March 7: App developers can expect to see new fees on the Google Play Store if they want to direct users to sites or apps outside Google’s ecosystem. The…

Hiring family members might be beneficial for some businesses. It’s convenient for companies that are just starting, want to employ quickly, or need help getting back on track. Plus, the owner already knows the employee’s weaknesses and strengths, and the relative will likely be more motivated to contribute to the business’s success. However, some may find it difficult to stay professional while working together, as it was for this father and son. The parent didn’t like that his child was calling him “Dad” in front of…

Google announced several upcoming changes aimed at ensuring compliance with the European Union’s Digital Markets Act (DMA), which is set to take effect this week. Why we care. New rules coming into effect may impact businesses, particularly with adjustments to Google SERPs potentially leading to reduced traffic for direct suppliers such as hotels and restaurants. However, Google has assured that it collaborated with the European Commission to strike a balance during the implementation of DMA compliance measures.…

TikTok launched a new Data Portability API as part of its efforts to comply with the Digital Markets Act, which is being rolled out this week. This feature gives users on the platform the option to choose how their data is handled between the platform and third-party apps. It aligns with TikTok’s ongoing efforts to enhance user privacy, following its recent introduction of advanced data control tools and the ability to disable personalization in the app. What is Data Portability API? TikTok’s Data Portability API…

Danish startup Whistleblower Software is rebranding as Formalize as it expands into the broader compliance software sphere — and it has raised a fresh €15 million ($16 million) to fund the expansion. The announcement comes as the compliance software market has exploded, due in large part to growing regulatory pressure — and investors have taken note. Private equity giant Thoma Bravo took German compliance and investor relations software company EQS Group  private in a $435 million deal last…

Some Indian payment firms and aggregators appear to be stragglers in comparison with banks on meeting know-your-customer (KYC) norms. Compliance faultlines remain even as the broader fintech industry is in the spotlight after the central bank ban on Paytm Payments Bank.Large payment companies are approaching KYC more as a security checklist — perhaps for cost considerations — than a monitorable mandate by the Reserve Bank of India (RBI), multiple industry insiders told ET. “RBI does not distinguish between banks and…