Digital health companies are facing more legal issues as the convergence of healthcare and technology is becoming stronger. Several legal issues are coming up in the wake of privacy of patient information, consumer protection, fraud and patient safety issues.
Tata Consultancy Services, an India-based IT company, was penalised $940 million in a case suit filed by Epic Systems, a healthcare software firm. Besides, a disciplinary fine of $700 million, the jury also ordered TCS to pay a $240 million to Epic.
U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday.
The Philippines central bank has decided to penalize any bank involved in money laundering, stolen from Bangladesh Bank reserve with Federal Reserve Bank of New York. The heist scam has pointed the existing flaws in the country’s AML and the central bank won’t waste the opportunity to reform the laws, cites Nestor Espenilla Jr., deputy governor for BSP.
