Today, a court in Australia found Google liable for defamatory videos targeting a senior politician on its YouTube platform. The court ordered Google to pay about $500,000, but the ruling put pressure on Big Tech to enforce content moderation rules on its platform. FinCEN is seeking comments from companies and regulators about proposed rulemaking to begin using no-action letters as a new enforcement tool.
FinCEN proposes to make rules to add no-action letter enforcement tool
Financial Crimes Enforcement Network (FinCEN) released Advance Notice of Proposed Rule Making (ANPRM) Regarding the implementation of the no-action letter process at FinCEN on Friday (June 3). A no-action letter is used as a type of enforcement tool where an agency states by letter that it will not take enforcement action against the company for specific conduct presented to the agency.
FinCEN is seeking public input about whether a no-action letters process should be established, what the scope and extent of no-action letters should be, and how best to implement this process. The public consultation will be open till August 5.
Bank regulators warn that traditional rules apply to AI as well
Even without AI-specific guidance from federal bank regulators, institutions could violate existing rules, Federal Reserve and Office of the Comptroller of the Currency (OCC) said Friday at an event organized by the New York Bar Association.
US financial regulators have yet to issue a set of rules to guide banks and other institutions’ increased use of AI, a technology that has been shown to have applications as diverse as fraud monitoring, product pricing and loan applications. has been posted in.
UK publishes list of digital identity certification providers
On 27 December, the UK government announced its intention to Enabling employers and landlords to use Certified Digital Identity Service Providers (IDSPs) to perform identity checks On their behalf for many people who are unable to access the online services of Home Office. Simultaneously, the proposal of the Disclosure and Barring Service (DBS) will enable digital identity checks using IDSPs within their criminal records investigation process. On Friday the UK government published a list of certified IDSPs.
Musk threatens to leave $44 billion Twitter deal
Elon Musk’s legal team asked Twitter to cancel their $44 billion acquisition after the social media company failed to meet their demands for more detailed information on spam and fake accounts, the Financial Times reported. has threatened.
Google is liable for content posted online, says Australian court
An Australian court has found Google liable for defamatory videos posted on its YouTube platform targeting a senior politician, a reminder that social media companies can be held accountable in some jurisdictions for what users put online .
China will complete Didi investigation, lift restrictions on new users
China Completion of annual checks at the ride-hailing giant Didi Global Inc. and two other US-listed tech companies are preparing to lift restrictions on adding new users, people familiar with the discussions said in the latest sign that Beijing is looking to boost economic activity.