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US Supreme Court revives Corporate Transparency Act to regulate money-laundering

JURIST

The US Supreme Court issued a temporary nationwide stay Thursday that revived the Corporate Transparency Act , which regulates money laundering by requiring small businesses to register with the United States Treasury Department’s Financial Crimes Enforcement Network.

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Small Law Firms And Small Businesses May Have To Disclose Owner Information To The Federal Government Starting In 2024

Above The Law

While the reporting process is fairly straightforward, some businesses owners may complain about privacy and government overreach. The post Small Law Firms And Small Businesses May Have To Disclose Owner Information To The Federal Government Starting In 2024 appeared first on Above the Law.

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US Supreme Court rules that federal government can be liable under Fair Credit Reporting Act

JURIST

In a unanimous slip opinion, the US Supreme Court ruled on Thursday that the Fair Credit Reporting Act (FCRA) waives sovereign immunity and that the federal government can be liable for incorrect debt reporting that damages credit scores. The federal government plays a central role in the distribution and use of this data.

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The Financial and Legal Costs of ID Theft to Small Businesses

LawTechnologyToday

Identity theft is an ever-present threat in today’s digital age, and it can have a devastating impact on small businesses. It can also lead to legal consequences and irreparable damage to a business’s reputation. In today’s post, we’ll give an overview of the financial and legal costs of identity theft to small businesses.

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Argentina president sued for promoting cryptocurrency $LIBRA

JURIST

President Milei shared an advertisement for cryptocurrency $LIBRA via X on Friday, claiming that the coin would help fund small businesses. After the series of events, the President has already engaged with the Anti-Corruption Office to investigate whether there is any improper conduct of government officials, including himself.

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Cybercrime in Australia increased by 13% since last financial year, reports Cyber Security Centre

JURIST

They also published thirteen new guides to help Australians and their small businesses improve their cyber security practices. The Australian government have backed these methods through their ten year investment in the Australian Signals Directorate, which is said to “further harden Australia’s cyber defences in 2022–23 and beyond.”

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Our Law Firm Is Too Small to Be in Danger From Cyberattacks – Wrong!

Attorney at Work

One thing attackers know for sure: Small firms are less protected from attacks — and that makes them desirable (and easy) targets. You may be small, but you still hold the valuable data of many people and small businesses. Small and Midsize Businesses: Scary Cybersecurity Stats.

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