A recent report published by the United Nations’ Economic Commission for Latin America and the Caribbean (CEPAL) calculated that Latin American countries have lost more than US$98 billion in tax revenues simply due to transfer pricing manipulation.
If the New York State Department of Financial Services (“DFS”) has its way, come January 1, 2017, financial services companies that require a form of authorization to operate under the banking, insurance, or financial services laws (“Covered Entities”) will be required to comply with a new set of comprehensive cybersecurity regulations aimed at safeguarding information systems and nonpublic information.
A federal judge in the Northern District of California certified a class of job applicants in a lawsuit claiming a background check firm violated the federal Fair Credit Reporting Act.
In August 2015, the UK Government launched the Financial Advice Market Review (FAMR) to explore how consumers could access help with their finances more easily.
On 15 September 2016, we blogged that the European Parliament had rejected the European Commission’s proposed Delegated Regulation supplementing the Regulation on key information documents for packaged retail and insurance-based investment products by setting out regulatory technical standards on the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents.