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Britain’s competition regulator has designated Apple and Google as firms with “strategic market status” (SMS), giving it new powers to demand changes to how the two tech giants operate their smartphone ecosystems. The Competition and Markets Authority (CMA) said on Wednesday that the move would allow it to introduce targeted interventions to promote innovation and […]
Canada’s anti-money laundering watchdog FINTRAC has imposed a record C$176.9 million ($126 million) penalty on Xeltox Enterprises Limited, citing the company’s failure to report suspicious transactions linked to child sexual abuse material, fraud, ransomware, and sanctions evasion. The fine marks the largest enforcement action in FINTRAC’s history, underscoring Ottawa’s growing crackdown on financial crime in […]
Australia’s internet regulator has ordered four AI chatbot companies to disclose what steps they are taking to protect children from harmful and sexual content, in the country’s latest move to tighten oversight of artificial intelligence. The eSafety Commissioner said it sent legal notices to Character Technologies — the creator of the celebrity chatbot platform Character.ai […]