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Regulatory Compliance

All articles tagged with #regulatory compliance

DEA Expands Federal Registration for Medical Cannabis Firms Ahead of Schedule III Move
policy17 days ago

DEA Expands Federal Registration for Medical Cannabis Firms Ahead of Schedule III Move

DEA says it will roll out new registration forms for Medical Marijuana Manufacturer, Bulk Manufacturer, Analytical Lab, and Distributor to align with the DOJ’s phased move of marijuana from Schedule I to Schedule III. The current 60-day dispensary registration window ends June 26, and the new forms will be posted in coming weeks on the DEA Diversion Registration page. The applications will require details on licenses, security measures, ownership, suppliers, and access to controlled substances, and carry a nonrefundable $794 fee (PayPal now; other payment options to be added). The update is part of broader rescheduling actions, which include an expedited hearing process starting June 29; IRS guidance on taxes and ATF form updates are also anticipated as federal policy shifts on cannabis.

via Marijuana Moment|
#dea#marijuana-policy#medical-cannabis
DEA Opens Registration Portal as Medical Cannabis Gains Federal Protections
politics1 month ago

DEA Opens Registration Portal as Medical Cannabis Gains Federal Protections

The DEA will begin accepting applications this week for federal protections under the cannabis rescheduling plan, launching a Medical Marijuana Dispensary Registration Portal as marijuana moves from Schedule I to Schedule III in phases. Applicants must provide extensive details on licensing, security, suppliers, and personnel, and pay a $794 fee (currently via PayPal). The process accompanies an expedited administrative hearing to consider broader rescheduling, with forthcoming tax guidance from Treasury/IRS and White House framing the move as broadly popular and beneficial for patients and farmers.

via Marijuana Moment|
#cannabis#dea#medical-marijuana
Outdated Web Browsers in Smart Devices Pose Security Risks
technology5 months ago

Outdated Web Browsers in Smart Devices Pose Security Risks

Research from KU Leuven highlights that embedded browsers in devices like smart TVs, e-readers, and gaming applications are often outdated and lack security updates, leaving users vulnerable to cyber threats. Many devices ship with browsers several years behind current versions, and some manufacturers do not provide necessary security patches, raising concerns about device security and regulatory compliance. The study emphasizes the need for regulations to enforce timely updates and security measures for embedded browsers.

via theregister.com|
#device-security#embedded-browsers#outdated-software
finance8 months ago

SEC's New Guidance Opens Path for State Trust Crypto Custodians

The Division of Investment Management clarified that, under specific conditions, a State Trust Company can be treated as a 'bank' for custody of Crypto Assets and related cash or equivalents, provided it meets certain regulatory and operational standards, and the investment adviser or fund conducts due diligence and maintains proper agreements and disclosures.

via SEC.gov|
#crypto-assets#custody-services#finance
Morgan Stanley Leak: 25% of Ultra-Wealthy Clients Flagged
finance1 year ago

Morgan Stanley Leak: 25% of Ultra-Wealthy Clients Flagged

A Wall Street Journal investigation revealed that 24% of Morgan Stanley's international wealth-management accounts are flagged as high risk for money laundering, highlighting the bank's weak anti-money-laundering controls. This raises concerns about the ultrarich exploiting loopholes in financial systems. The issue of money laundering is widespread, with significant increases in Europe, and other banks like TD Bank have also faced penalties for similar failures.

via Fortune|
#finance#financial-crime#money-laundering
"US Launches Dual Probes into GM's Cruise Over Grisly Collision and Response"
technology2 years ago

"US Launches Dual Probes into GM's Cruise Over Grisly Collision and Response"

GM's Cruise self-driving car unit is facing probes from the US Department of Justice and Securities and Exchange Commission following an October collision involving one of its autonomous vehicles. The company has acknowledged a "failure of leadership" and vowed to reform its culture. A report commissioned by Cruise found mistakes in judgment and a lack of understanding of regulatory requirements. The incident led to the firing of executives, the resignation of the CEO, and a quarter of the staff being cut. The company is also facing fines and sanctions for not fully disclosing details of the incident.

via The Guardian|
#cruise#gm#investigation
"Company Claims Viral Stanley Tumblers with 'Some Lead' Are Safe for Use"
consumer-safety2 years ago

"Company Claims Viral Stanley Tumblers with 'Some Lead' Are Safe for Use"

Stanley PMI confirms that their popular tumblers contain a sealing material with "some lead," but assures consumers that no lead touches the surface of the products or comes into contact with beverages inside. The company states that the lead is sealed within the product and inaccessible to consumers unless the product is damaged or exposed to extreme conditions. They also emphasize compliance with US regulatory requirements and recommend regular cleaning of the tumblers, which have seen a surge in popularity but have sparked concerns about their safety.

via New York Post |
#consumer-safety#lead-content#product-popularity
"Multiple Agencies Investigate GM's Cruise Over Driverless Car Collision and Culture Issues"
technology2 years ago

"Multiple Agencies Investigate GM's Cruise Over Driverless Car Collision and Culture Issues"

GM's driverless car company Cruise is under investigation by multiple federal agencies and California regulators following an October crash involving a pedestrian. The company's response to the incident raised concerns, leading to the pause of its driverless ride-hailing services in all markets, the resignation of its CEO, and the hiring of an outside law firm to investigate. A scathing report from the law firm cited poor leadership, mistakes in judgment, lack of coordination, and a fundamental misapprehension of the company's obligations to the public as reasons for Cruise's failings.

via NPR|
#autonomous-vehicles#cruise#gm
Lawsuit Alleges Ex-Twitter Exec Fired for Security Concerns and Budget Cuts
technology2 years ago

Lawsuit Alleges Ex-Twitter Exec Fired for Security Concerns and Budget Cuts

Former head of security for Twitter, Alan Rosa, has filed a lawsuit against the company, Elon Musk, and adviser Steve Davis, claiming wrongful termination for protesting cost-cutting measures that hindered Twitter's ability to comply with regulatory demands. The lawsuit alleges that Davis, hired by Musk, immediately began cutting Twitter's products and services that supported compliance with the FTC Consent Decree. Rosa objected to these cuts, which included security applications and programs needed for law enforcement requests, and claims he was fired without reason or notice. This lawsuit follows previous legal disputes involving mass layoffs and refusal to pay for arbitration.

via The Verge|
#elon-musk#lawsuit#regulatory-compliance
"Binance Founder Fights to Leave U.S. Amidst Legal Battle and Crypto Turmoil"
cryptocurrency2 years ago

"Binance Founder Fights to Leave U.S. Amidst Legal Battle and Crypto Turmoil"

Binance, once the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao (CZ) have pled guilty to criminal charges in the United States. This development marks a significant milestone in the cryptocurrency industry, as it signals the prosecution of major crypto-criminals and paves the way for legitimate businesses to thrive. The settlement agreement requires Binance to pay a record-breaking $4.3 billion penalty and undergo a five-year monitorship, which includes a complete exit from the United States. The future of Binance and its customer base remains uncertain, as the company must now navigate increased scrutiny and address outstanding charges from the Securities and Exchange Commission (SEC). Despite the negative impact on Binance, the price of Bitcoin rallied, suggesting that the digital asset class may be entering a new phase.

via Forbes|
#binance#criminal-charges#cryptocurrency