Amendment No. 13 to the Israeli Privacy Protection Law
On August 5, 2024, the Israeli Parliament approved Amendment No. 13 to the Privacy Protection Law, 5741-1981, marking one of the most significant updates since the law’s enactment. This amendment aims to enhance privacy protections by aligning Israeli law with global standards, particularly the European Union’s GDPR. It introduces key changes such as redefining core […]
The AI Act in the European Union
(Effective in 2025) The EU’s AI Act is the first comprehensive legal framework to regulate artificial intelligence. It categorizes AI systems by risk levels, imposing stricter rules on high-risk applications such as healthcare, law enforcement, and public services. The legislation ensures AI systems are transparent, safe, and aligned with fundamental human rights. It also promotes […]
Forex Regulatory
Forex (foreign exchange) trading requires stringent licensing due to the speculative and high-risk nature of the market. The forex market is by far the largest, most liquid market in the world, with more than $5 billion traded daily. Due to its decentralized and global nature, the forex market has been more prone to fraud and […]
Amendment 13 Legislation Update
As the legislative process for Amendment 13 progresses, the obligation to appoint a Data Protection Officer (DPO) will become mandatory for many organizations. Non-compliance with this requirement could result in severe financial sanctions. The Knesset discussions on the wording of Amendment 14 have finally concluded, and the amendment, which is expected to be approved soon, […]