legal

Common legal phrase. Lawful action, such as an agreement consciously agreed to by two or more entities, establishing lawful accountability. For example, an apartment lease legally binds the lessor and the lessee.

Money Laundering Crimes Surge Along With DOJ Arrests as 7 Plead Guilty
Money Laundering Crimes Surge Along With DOJ Arrests as 7 Plead Guilty
March 30, 2022  |  Security & Fraud

Over $2 trillion in illegally gained funds are reprocessed in the global economy as being legit despite the best efforts of financial institutions, new legislation...

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SEC: Investors Can Sue Over Inaccurate SPAC Forecasts
SEC: Investors Can Sue Over Inaccurate SPAC Forecasts
March 29, 2022  |  SPAC

Special purpose acquisition company (SPAC) sponsors embellishing projections about the companies they’re taking public might be seeing harsher ramifications soon, according to a Tuesday (March...

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Italy’s Central Bank Bans Online Bank N26 From New Clients, New Products Over AML Risks
Italy’s Central Bank Bans Online Bank N26 From New Clients, New Products Over AML Risks
March 29, 2022  |  International

The Bank of Italy has banned the local unit of online German bank N26 from signing up new customers, due to checks late last year...

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CFPB’s Chopra Proposes Structural Remedies for Repeat Offenders
CFPB’s Chopra Proposes Structural Remedies for Repeat Offenders
March 29, 2022  |  Regulation

In a speech at the University of Pennsylvania Monday (March 28), Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra urged regulators and enforcers, including the...

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California Man Convicted for PPP Fraud, Money Laundering Scheme
California Man Convicted for PPP Fraud, Money Laundering Scheme
March 29, 2022  |  Legal

A California man has been convicted by a federal jury of submitting fraudulent applications for funds from the Paycheck Protection Program (PPP) and money laundering,...

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FTC Rules by Enforcement in Privacy, but for How Long?
FTC Rules by Enforcement in Privacy, but for How Long?
March 29, 2022  |  Regulation

Even though states are enacting privacy and data laws across the country, the U.S. doesn’t have a federal privacy law. Yet, this lack of federal...

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French Court Fines Google $2M for ‘Abusive’ Developer Practices
French Court Fines Google $2M for ‘Abusive’ Developer Practices
March 29, 2022  |  Regulation

A French court has fined Google $2.2 million (€2 million) for what the country’s government has described as “abusive” dealings with developers on its app...

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US Chamber Urges Judge to Toss Antitrust Appeal of Facebook Case
US Chamber Urges Judge to Toss Antitrust Appeal of Facebook Case
March 28, 2022  |  ANTITRUST

The U.S. Chamber of Commerce has filed a brief urging an appeals court to reject an appeal by several states to revive their antitrust lawsuit...

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Apple Now Faces $55M in Fines From Dutch Regulators Over Dating App Payments
Apple Now Faces $55M in Fines From Dutch Regulators Over Dating App Payments
March 28, 2022  |  Apple

The Authority for Consumers and Markets (ACM), the Dutch antitrust watchdog, has now hit Apple with €50 million ($55 million) in fines related to the...

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