Enforcement & Sanctions Weekly Digest: 8 – 12 July 2024

Summary

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The document reports on recent enforcement actions and sanctions across G-20 nations, highlighting key developments in Australia, Brazil, European Union, South Korea, Russia, and the United States.

Australia: The Office of the Australian Information Commissioner (OAIC) fined an organisation for using deceptive designs to influence privacy choices, while the Comptroller General of the Union (CGU) sanctioned KPMG and two other companies for violating anti-corruption laws.

Brazil: The National Data Protection Authority (ANPD) suspended Meta's new privacy policy and the use of personal data for AI training, while the CGU imposed fines and bidding prohibitions on companies for violating anti-corruption laws.

European Union: The European Commission accepted Apple's commitments to allow third-party access to iPhone NFC technology, and launched an investigation into a German aid measure for Lufthansa. The Commission also approved public service compensation for Caremar's ferry services and launched an in-depth probe into a u20ac6 billion aid package for Lufthansa.

South Korea: The Financial Supervisory Commission (FSC) imposed fines on companies for violating accounting standards in financial disclosures.

Russia: The Central Bank of Russia found evidence of market manipulation and cancelled certain participants' results in a stock market competition.

United States: The Federal Reserve Board fined Citigroup $60.6 million for failing to adequately address data quality management issues, while the Environmental Protection Agency (EPA) ordered a company to pay $367,088 for failing to properly report hazardous chlorine releases.

Compliance Tips: Regularly review and update compliance policies, and conduct internal audits to ensure adherence to regulations.

Key Sanctions: The European Union issued restrictive measures on certain countries in view of the situation in Ukraine.

Please explore more resources, including legal resources, enforcement tracker, and in-depth insights, to further understand these developments.