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Cryptocurrencies and Risk Under the Antiterrorism Act
In Short – The Situation: Terrorists may be increasingly turning to cryptocurrencies to evade sanctions and finance terrorist acts, as recent prosecutions and reports suggest. Under the Antiterrorism Act (“ATA”), as amended by the Justice Against Sponsors of Terrorism Act (“JASTA”), companies working with cryptocurrencies may expose themselves to civil terrorism litigation or governmental investigations…
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MiCAR under the microscope – Part 1: MiCAR is law
The European Commission has chosen the path of regulation for crypto-assets. This is with the aim of supporting innovation and fair competition, and ensuring a high level of consumer and investor protection and market integrity in the crypto-asset markets. At the same time, it aims to address financial stability and monetary policy risks that could…
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Amended CRS Law
A new requirement to inform individuals of the exact personal data to be shared with the Administration des Contributions Directes. The Luxembourg law of 18 December 2015 on the automatic exchange of financial account information in the field of taxation (CRS Law), which regulates the automatic exchange of financial account information between tax authorities under…
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The Hatcher Agency Confirms Data Breach Involving 9,500 Individuals’ Personal Information
On June 16, 2023, The Hatcher Agency filed a notice of data breach with the Attorney General of Maine after learning that a recent data security incident resulted in confidential consumer information being accessible to an unauthorized party. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’…
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FirstBank Puerto Rico Announces Data Breach After Cyberattack at MIAC
On June 8, 2023, Mortgage Industry Advisory Corporation (“MIAC”) filed a notice of data breach on behalf of FirstBank Puerto Rico after MIAC determined that a cyberattack targeting the company’s IT network resulted in FirstBank customer data being leaked. While neither MIAC nor FirstBank has confirmed the leaked data types, MIAC began sending out data…
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Parker Wellbore Files Notice of Recent Data Breach
On June 16, 2023, Parker Wellbore filed a notice of data breach with the Attorney General of Texas after learning that hackers gained access to confidential information that had been entrusted to the company. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names, Social Security numbers,…
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New Horizons Medical, Inc. Reports Leaked Patient SSNs Following Recent Data Breach
On June 16, 2023, New Horizons Medical, Inc filed a notice of data breach with the Attorney General of Maine after learning that a recent data security incident compromised the personal information of 12,317 New Horizons patients. Based on the company’s official filing, the incident resulted in an unauthorized party gaining access to consumers’ names,…
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Amendments to Minnesota Wrongful Death and Survival Statutes Open the Door to Pain and Suffering Claim
On May 20, 2023, the amendments to the Minnesota wrongful death and survival statutes, Minn. Stat. §§ 573.01, 573.02, became effective. This means that duly appointed administrators can now bring claims for “all damages suffered by the decedent resulting from the injury prior to the decedent’s death” – on top of the pecuniary losses that…
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In Lviv, Ukraine, Digging Up Old Graves to Bury Newly Fallen Soldiers
Funerals have taken on a grim routine in the Ukrainian city of Lviv, and as the fighting grows more intense during the counteroffensive, gravediggers say they are bracing for more bodies.
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Tourist Submersible Vessel Vanishes on Its Way to Titanic Wreckage
A spokesman for the U.S. Coast Guard said the five people on the submersible theoretically had 70 to 96 hours of oxygen before the situation became dire.
