Author name: karimilaw

NEW GUIDANCE HAS BEEN PROPOSED BY THE EUROPEAN UNION’S BANKING REGULATOR  TO RENOVATE ITS ANTI MONEY-LAUNDERING SYSTEM Karimi & Associates Law Firm presents according to Wall Street Journal: The proposal from the Paris-based European Banking Authority is the latest effort by the EU to harmonize anti-money-laundering rules across member states and shift implementation away from national authorities. Some member states already have similar anti-money-laundering laws, however, this new proposal should be helpful […]

Karimi & Associates Law Firm presents according to Jurist: Apple reached a settlement to drop a copyright lawsuit it proceeded against a startup based in Flordia, Corellium LLC, for Corellium’s “virtual” version of the iPhone used for research to detect its potential bugs. Corellium allows users to run software-only virtualizations of IOS, which means that researchers can test iPhone software on computers instead of iPhone devices. Some new capabilities such

Karimi & Associates Law Firm presents according to Jurist: The Austrian Constitutional Court suspended the deportation proceedings of an unidentified Afghan national (“the Applicant”). After two failed asylum applications, the Applicant was scheduled for deportation and was in custody pending deportation since April. Earlier this month, the European Court of Human Rights (ECHR) instructed Austrian authorities to postpone the deportation of the Applicant as the “security situation” in the country deteriorates until

Karimi & Associates Law Firm presents according to Wall Street Journal: BitMEX, which offers trading in bitcoin and other cryptocurrency derivatives, had been sued by the Commodity Futures Trading Commission (CFTC) and Financial Crimes Enforcement Network (FinCEN) last year. In its complaint filed last October, the CFTC alleged that BitMex and its three cofounders operated the exchange from the U.S. for at least six years while unlawfully accepting orders and funds from

Karimi & Associates Law Firm presents according to Jurist: The U.S. Securities and Exchange Commission (SEC) announced a $1 million fine against Pearson PLC, an educational and publishing company based in London, after finding that the company made misleading statements about the data breach that involved the theft of thousands of student records and personal information. The data breach occurred in 2018 when hackers obtained student and administrator data from 13,000 Pearson

Karimi & Associates Law Firm presents according to Reuters: China’s legislative body, the National People’s Congress, passed a law aimed to protect online user data privacy, state media Xinhua reports. The law’s passage is to be considered as another step forward in the country’s endeavor to regulate cyberspace and is expected to add more compliance requirements for companies in the country. Tech giants in China have been instructed to ensure better secure

Karimi & Associates Law Firm presents according to Wall Street Journal: South Korea’s National Assembly on Tuesday passed the world’s first bill that ends Apple and Google’s dominance over how apps hosted on their app stores sell digital goods. As soon as the bill gets signed by President Moon Jae-in, it will become law. The president’s party strongly supported the legislation. This bill challenges Apple and Google’s lucrative commissions on digital sales

Karimi & Associates Law Firm presents according to The US Department of the Treasury: The US Department of the Treasury by a statement has authorized the exportation of certain graduate-level educational services and software exportation regarding Iranian transactions and sanctions regulations that will be implemented from September 1, 2022. According to this statement, the US academic institutions are now permitted to offer online educational services related to graduate educational courses, on condition that the