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DOJ Antitrust Lawsuit Against Facebook No Slam Dunk

PYMNTS

A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. A ‘breakup’ of Facebook is thus a complete nonstarter,” the document stated, according to WSJ.

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Age Verification in Latin America 

Segpay

This blog explores child protection laws across key Latin American countries, highlighting their different approaches and the evolving regulatory frameworks. The statute was updated in 2014 to include Internet and Child Protection to protect kids from online exploitation, cyberbullying, and access to inappropriate content ( Law 12,965/2014 ).

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TRM Labs Welcomes Former INTERPOL President Boon Hui Khoo as Senior Advisor

Fintech News

Khoo, with an extensive background in public service, law enforcement, and national security, joins the company to enhance its efforts in combating fraud and financial crime within digital asset spaces. Khoo’s extensive experience and accomplishments in both the public and private sectors are an incredible addition to the TRM team.

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40+ States Could Join Antitrust Lawsuit Against Facebook

PYMNTS

The lawsuits are expected to focus on Facebook’s reported violations of antitrust law in order to keep its robust share of the market, Reuters reports.

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Wells Fargo, AMD, Fifth Third May Have Run Afoul Of Whistleblower Laws

PYMNTS

whistleblower protection laws. The deals with the three companies were among a dozen corporate settlements reviewed by Reuters between 2012 and 2015. A spokesman for Fifth Third said the agreement “speaks for itself,” and the company “takes seriously” its obligation to comply with all “relevant laws.”

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Malaysia and Indonesia Leading the Charge for Asia’s Islamic Banking Revolution

Fintech News

Islamic banking, also referred to as Islamic finance, refers to a system of banking that complies with Islamic law also known as Shariah law. According to the Islamic Corporation for the Development of the Private Sector (ICD), Islamic banking has shown remarkable growth since its inception in the 1970s, reaching US$2.88

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SWIFT Disconnects From Iran’s Banks

PYMNTS

In 2012, SWIFT cut off access to Iranian banks in 2012, upon sanctions levied by the Obama administration. As reported by the Irish Examiner , a committee is reviewing central bank laws that would require larger FIs to work with cash transactions. We’ve been here before, it seems, where the U.S. They were reconnected in 2016.

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