Compliance Compass: Weekly Regulatory Roundup (26 – 30 August 2024)

Here is a short summary of the regulatory updates provided in the document:

Anti-corruption and Anti-money laundering: Brazil announced new deliberations on internal control coordination and quality assessments, while Argentina modified its resolution on anti-money laundering/terrorist financing.

Competition: Mexico launched a public consultation on draft amendments to its technical criteria for competition.

Consumer protection: Argentina, Brazil, India, Japan, and USA announced public consultations, draft regulations, and updates on consumer rights and protection.

Data protection: France published a monitoring tool for Binding Corporate Rules (BCR), while Turkey announced a guide for monitoring personal data processing.

Employment: Australia, Canada, Germany, United Kingdom, and USA announced updates on employment regulations, including changes to the Fair Work Act and new rules on worker classification.

Environment: Japan published procedures for cleaning electrical equipment containing PCBs.

ESG (Environmental, Social, and Governance): Italy adopted guidelines for sustainable data center construction and management.

Financial services: Australia, Brazil, European Union, India, and USA announced updates on financial regulations, including changes to capital requirements, supervision, and consumer protection.

Human rights: Turkey published a guide on monitoring administrative detention places for migrants.

Intellectual property: Brazil and United Kingdom announced updates on patent examination procedures and trade mark rules.