Cybersecurity, Data and Tech Archives

In Cybersecurity, Data and Tech

Philippines: Implementing rules of the Internet Transactions Act

October 19, 2024 by Donemark Calimon, Bienvenido A. Marquez III, Divina Pastora V. Ilas-Panganiban, Ina Alexandra A. Dominguez, Frederick August I. Jose, Camille Bianca Gatmaitan, Felicisimo Agas III, Oswald Imbat and Alvin R. Tan 6 Mins Read

Various agencies led by the Department of Trade and Industry (DTI) have signed Joint Administrative Order No. 24-03, Series of 2024 containing the Implementing Rules and Regulations (IRR) of Republic Act No. 11967, or The Internet Transactions Act of 2023 (ITA).
The ITA is intended to regulate e-commerce, protect consumer rights and data privacy, and uphold intellectual property rights.
The IRR clarifies the scope and coverage of the ITA, the enforcement powers of the DTI vis-à-vis other agencies, and the applicable procedure for imposition of fines.

In Corporate Compliance

2024 Global Year-End Review of Import/Export & Trade Compliance Developments Conference

In keeping with tradition, we are pleased to invite you to our annual Global Year-End Review of Import/Export & Trade Compliance Developments Conference. The conference will provide valuable insights on the latest developments, challenges and opportunities in the ever-changing landscape of international trade.
We are holding this conference in a split-hybrid format, with an in-person event in Santa Clara, CA, on 12 November and virtual panels on 19-21 November.

In Cybersecurity, Data and Tech

Australia: Proposed changes to digital regulation

October 15, 2024 by Adrian Lawrence, Andrew Stewart, Allison Manvell and Nicholas (Nick) Kraegen 2 Mins Read

The Australian Government has introduced a raft of new digital legislation, including to combat misinformation and disinformation, and hate speech. It has also announced plans for minimum age requirements for social media.

In Corporate Compliance

United States: Department of Justice updates compliance program evaluation guidance with focus on artificial intelligence and evolving policy

October 15, 2024 by Geoff Martin, Jessica Nall, Jeffrey (Jeff) D. Martino, Terence Gilroy, Byron Tuyay and Aeryka Fausett 10 Mins Read

On 23 September 2024, the US Department of Justice Criminal Division issued an updated version of its Evaluation of Corporate Compliance Programs document. DOJ uses the Evaluation Guidance to assess the adequacy of compliance programs in place at companies subject to its criminal enforcement activities. DOJ has updated the Evaluation Guidance periodically since its release in 2017 to align with evolving DOJ policies, priorities, and compliance best practices. This latest iteration reflects current DOJ investigation and enforcement priorities and the increasing relevance of artificial intelligence and other emerging technologies to companies, their compliance programs, and DOJ’s enforcement efforts. DOJ also updated the Evaluation Guidance to encourage companies to: 1) incorporate a lessons-learned approach; 2) focus on compliance due diligence and integration in acquisitions; and 3) properly incentivize internal reporting of wrongdoing.

In Cybersecurity, Data and Tech

Australia: Public consultation on Scams Prevention Framework now open

October 15, 2024 by Alan Darwin, Bill Fuggle, Adrian Lawrence, Anne Petterd and Trudi Procter 1 Min Read

On 13 September 2024, the Australian Government opened public consultation on the proposed Scams Prevention Framework. The Scams Prevention Framework introduces economy-wide reforms designed to combat scams and enhance consumer protections across multiple sectors including banking, telecommunications and digital platform services. Under the proposed regime, regulated entities in designated sectors will be required to take positive steps to detect, prevent and disrupt scams, with significant civil penalties for non-compliance.

In Cybersecurity, Data and Tech

Argentina: The DPA published the ‘Guide for Public and Private Entities on Transparency and Personal Data Protection for Responsible Artificial Intelligence’

October 15, 2024 by Guillermo Cervio and Martin A. Roth 3 Mins Read

On 17 September 2024, within the framework of the National Program for Transparency and Protection of Personal Data in the Use of Artificial Intelligence, the Agency for Access to Public Information published the preliminary version of the “Guide for Public and Private Entities on Transparency and Personal Data Protection for Responsible Artificial Intelligence”.

In Asia-Pacific

Singapore: Industry consultation for guidance on Change Management Program (CMP) for SaMD

October 15, 2024 by Andy Leck and Ren Jun Lim 4 Mins Read

The Medical Devices Cluster of the Health Sciences Authority has released a draft guidance on the Change Management Program for Software as a Medical Device. Change Management Program is the new optional regulatory pathway that aims to streamline the SaMD regulatory framework and facilitate timely implementation of software changes for registered SaMDs in Singapore.

In AML & Financial Services Regulatory

Singapore: Guidelines on the Provision of Consumer Protection Safeguards by Digital Payment Token Service Providers

October 15, 2024 by Stephanie Magnus, Eunice Tan and Ying Yi Liew 2 Mins Read

The Guidelines on the Provision of Consumer Protection Safeguards by Digital Payment Token Service Providers was first issued by the Monetary Authority of Singapore on 2 April 2024 and was recently revised on 19 September 2024 to include further consumer protection measures that were discussed in the MAS’ Response to Public Consultation on Proposed Regulatory Measures for Digital Payment Token Services (Part 2).

In AML & Financial Services Regulatory

Global Financial Services Regulatory Guide

October 10, 2024 by Karen H.Y. Man, Mark Simpson, Karl Paulson Egbert and Gabriel Adrián (Gabriel) Gómez Giglio 1 Min Read

Baker McKenzie’s Global Financial Services Regulatory Guide has been fully revised for 2024 and covers 35+ jurisdictions worldwide, making it our most expansive edition to date. The Guide acts as a quick reference tool when distributing financial products and offering services into new markets, providing a comprehensive summary of regulations applicable to banks and other financial services companies around the world. This expanded edition includes the rapidly growing area of cryptoassets, AML and CFT supervisors, and the extension of regulation to critical third-party outsourcers. Given the pace of regulatory change in this domain, staying informed is critical for market participants. Baker McKenzie is exceptionally well-positioned to simplify the complexity and provide expert guidance.

In Employment

Philippines: Employment laws for the private sector

September 18, 2024 by Gil Roberto L. Zerrudo, Kenneth L. Chua and Eliseo M. Zuñiga, Jr. 2 Mins Read

The Guide to Philippine Employment Laws for the Private Sectors is intended to provide employers and human resources professionals with a comprehensive overview of the key aspects of Philippine labor law. It covers the entire life cycle of the employment relationship from hiring through to termination, with information on working terms and conditions, family rights, personnel policies, workplace safety and discrimination. The guide links to our global handbooks, which include information for the Philippines on immigration and data privacy. The guide also contains information on the employment implications of share and asset sales.