Last modified on November 21st, 2022 at 5:55 pm

US Senator proposes Bill to prevent economic sanction evasion

Senator Warren of Massachusetts United States has proposed the Digital Assets Sanctions Compliance Enhancement Bill (Bill) to prevent cryptocurrency companies from conducting business with sanctioned Russian persons. This Bill came as a response to the recent threat of Russia using cryptocurrency to avoid international economic sanctions. Australia, alongside the United States, the European Union, and …

Last modified on November 21st, 2022 at 6:10 pm

Federal Court finds Privacy Act to apply even if companies have no physical presence in Australia

The Federal Court of Australia recently confirmed the wide extraterritorial application of the Privacy Act 1988 (Cth) and the notion of holding personal information without physical presence in Australia. The origin of this decision dates back to the Facebook-Cambridge Analytical scandal in 2018. With the discovery of Facebook’s unethical data harvesting practices, the Australian Information …