On March 13th, the European Parliament approved the Artificial Intelligence Act (the “Act”). It aims to protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk Artificial Intelligence (AI), while at the same time boosting innovation and establishing Europe as a leader in the field of AI. The Act establishes obligations for AI that are based on […]
Enacted in 2021, the Corporate Transparency Act (CTA) is meant to enhance transparency in corporate entity structure and ownership with a goal of combating money laundering, tax fraud and similar illicit financial activities. The Financial Crimes Enforcement Network (FinCEN) is a bureau within the United States Department of the Treasury. FinCEN serves as a government-wide multisource financial intelligence and analysis network and […]
The Copyright Office has issued a series of interim rules setting forth the procedures for registering secure tests. The rules were modified in 2020 to accommodate the unique challenges faced by the Office during the COVID-19 pandemic. In June 2023, the Office released post-pandemic interim rules a copy of which can be found here: https://spelusolawoffice.com/wp-content/uploads/2023/10/circ64.pdf.
Compliance with the GDPR by US companies doing business in the EU has become a sore point between the parties, the most recent salvo being invalidation of the Privacy Shield framework by the European Court of Justice. In March 2022, the European Commission and the US reached an agreement in principle for a Trans-Atlantic Data Privacy Framework. On July 10, […]