Kavitha Gupta's blog

Cheap rooms? Probably not? Trivago’s top deals are hotels which pay the most Cordato Partners The Trivago website creates the impression that it quickly and easily identifies the cheapest available hotel room responding to a consumer’s search. Australia   January 31 2020 But is the impression a transparent comparison of rooms, or is it manipulated and false? The Federal Court of Australia has found that Trivago misled the public by promoting hotels as having cheapest rooms when it was true only 33.2% of the time. The Court will impose pecuniary penalties on Trivago for contravening the  Australian Consumer Law . The decision is  Australian Competition and Consumer Commission v Trivago N.V.  [2020] FCA 16  (20 January 2020) (Moshinsky J). In this article, we review the Court’s reasons as to how the Trivago website contravened the  Australian Consumer Law . The Trivago Business Model Trivago N.V. is a foreign company, incorporated in the Net...

Anti-Money Laundering Risks for Global Companies (Part I of III) BY  MICHAEL VOLKOV  · NOVEMBER 27, 2017 Non-financial institution companies operating in the global marketplace face ever-increasing risks of money laundering. Sophisticated criminal organizations have developed their own mechanisms and strategies to skirt money laundering rules and regulations. The Justice Department has targeted transnational organized crime for investigation and prosecution. As a consequence, non-financial institutions have to examine their policies and procedures to protect against handling proceeds of criminal activity or otherwise facilitating money-laundering operations. Money Laundering Statutes The complex set of money laundering statutes and regulations apply to “financial institutions,” as defined under Title 31 of the United States Code. However, non-financial institutions are subject to two basic AML criminal statutes, 18 United States Code Sections 1956 and 1957. Th...