|
|||
Good morning. President Biden said Friday he would sign into law a bill effectively banning video app TikTok or forcing its sale, fueling lawmakers’ latest push to block the app’s Chinese owners from operating in the U.S.. “If they pass it, I’ll sign it,” Biden told reporters Friday.
|
|
||||||
We invite readers to take part in our 2024 Risk & Compliance Survey. It will only take a few moments of your time, and your insights will inform industry trends and enhance our community knowledge. We hope to present aggregated results in a future edition of Risk & Compliance Journal. |
Justice Department to flesh out whistleblower program after 90-day ‘policy sprint.’ A senior U.S. Justice Department official sketched out the broad policy goals of the agency’s newly announced whistleblower program but offered few additional details on the initiative, which is intended to help prosecutors bring more foreign corruption cases. “When it comes to the pilot, there are only so many details I can share at this point—and that’s because the whole point of the [Deputy Attorney General Lisa Monaco’s] 90-day ‘policy sprint’ is to gather information, to consult with stakeholders and to design a thoughtful, well-informed program,” said Nicole Argentieri, acting U.S. assistant attorney general for the criminal division, at the American Bar Association conference on Friday. |
Fed tells clearing houses to prepare for cyberattacks. The handful of firms that provide the backbone of the financial system by settling and clearing payments and stock trades must take steps to guard against the risk of cyberattacks, the Federal Reserve said. The so-called financial market utilities, or FMUs, that have been designated as systemically important will have to plan for extreme cyber events that have become more likely in recent years, the Fed said. The Fed said it also wants the FMUs to plan for contingency scenarios in which an attack leaves them compromised for longer than expected. Eight clearing houses fall under the new rule. |
|
|
||
|
||
Cold weather businesses suffer in the winter that wasn’t. This is the winter that wasn’t in Minnesota and other states across America’s normally frozen northern tier. Record warm temperatures and low snowfall have forced the cancellation of everything from ice fishing tournaments to dog sled races to winter carnivals. Business has dried up for ski resorts, snowmobile makers and any other venture that relies on cold weather and white powder to make a living. What’s at stake. No estimates have been compiled on nationwide economic damage from the warm, dry winter, but industry officials say they are well into the millions. Snow-related activities generate an estimated $7 billion a year in economic activity, according to the U.S. Bureau of Economic Analysis. |
|
|
|
Read More: World News | Entertainment News | Celeb News
WSJ