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- đź’° Interactive Brokers Fined $118M for Sanctions Violations
đź’° Interactive Brokers Fined $118M for Sanctions Violations
đź”” Top Stories
FTC Cracks Down on Misleading “Made in USA” Claims
The Federal Trade Commission has issued warning letters to several companies over deceptive “Made in USA” labels. Businesses falsely claiming U.S. origin may face steep civil penalties under the Made in USA Labeling Rule. The FTC emphasized that domestic origin claims must be substantiated with clear evidence of substantial manufacturing within the United States. Read more.
Interactive Brokers Fined $118M for Sanctions Violations
Interactive Brokers will pay $118 million to settle more than 30,000 violations of U.S. sanctions. The breaches included illegal transactions involving sanctioned jurisdictions such as Iran, Cuba, Syria, and Crimea. Regulators noted insufficient internal controls and poor oversight across subsidiaries. Read more.
Compliance Risks in AI-Powered Insurance Systems
AI integration in insurance brings significant compliance challenges, including risks around data privacy, algorithmic bias, and regulatory accountability.Insurers must address these issues proactively through strong governance, bias testing, and transparent oversight to avoid legal and reputational harm. Read more.
🧠Expert Take
“Compliance is an inefficient part of the traditional finance industry that a lot of people are not happy about, including identity verification of AML and KYC.” Chainlink co-founder Sergey Nazarov.
🧰 Compliance Toolkit
The CCPA and GDPR both aim to protect personal data, but they differ in scope, enforcement, and user rights. GDPR applies broadly across the EU and imposes strict consent requirements and heavy penalties. CCPA, focused on California residents, gives consumers the right to opt out of data sales and access or delete personal information. Key differences include the definition of personal data, opt-in vs. opt-out models, and business thresholds for compliance. Organizations operating in both regions must understand how the laws align—and where they don’t—to avoid exposure.
🎟️ Upcoming Event
AI Week 2025
📍 Sept. 16–18, 2025 | Virtual
The International Compliance Association hosts a three-day event exploring AI’s role in compliance, financial crime, ethics, and training. Expect sessions on algorithmic accountability, AI audit frameworks, and global regulatory developments.
🗳️ Your Compliance Take
Cast your vote and we will share the results in our next edition.
Which of the following compliance areas do you expect to require the most attention in your organization over the next 12 months? |
📩 We’ll share the results in Thursday’s issue.
🤝 Partner Feature
Sprinto: Real GRC Automation or Just Another Dashboard?
Sprinto claims to streamline SOC 2, ISO 27001, and HIPAA compliance. But how deep does its automation really go? This review evaluates Sprinto’s control mapping, risk scoring, and auditor access features to determine its strengths and gaps.
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