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Recent Editions
Risk Channel
North America
European Union member states won't force global tech companies such as Google and Meta to identify and remove online child sexual abuse. Reuters says the position represents a victory for the companies and for anti-surveillance activists who had argued that draft online child protection rules threaten privacy, and is part of a wider pushback against regulation led by U.S. President Donald Trump. Online providers will be required to assess the risk of their services being used to disseminate child sexual abuse material and take preventative measures, but the European Council left enforcement up to national governments. EU member states will now have to thrash out details of the draft rules with EU lawmakers before the legislation can be passed. An EU Centre on Child Sexual Abuse will be set up to help countries comply and provide assistance for victims.
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Risk Channel
UK/Europe
French pharmaceutical giant Sanofi's Paris headquarters have been raided by authorities as part of a tax fraud investigation into a financing deal provided by Société Generale. The probe focuses on a deal from over a decade ago, amid suspicions of aggravated money laundering and tax fraud. Sanofi said in a statement that it “considers it has complied with all applicable laws and regulations in this matter.” Societe Generale's offices in Paris and Luxembourg were searched by the Parquet National Financier earlier this year as part of a tax fraud case focused on services the lender offered to large companies.
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