CrackingUS Senate panel urges treasury department to make tech firms comply with sanctions
The US treasury department should do more to ensure that major tech firms, including Meta Platforms and Alphabet, comply with sanctions against foreign firms that advertise on their platforms, a top lawmaker said on Monday.
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Budget 2024Tune in for all updates on Interim Budget 2024 Democratic US senator Mark Warner, who heads the Senate Intelligence Committee, wrote a letter to treasury secretary Janet Yellen in which he said the treasury department was failing to "ensure sanctions compliance in digital advertising markets."
Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisit American technology firms like Alphabet, which owns Google, and Meta, which owns Facebook, "continue to flout US sanctions rules," the lawmaker said in the letter. The companies did not immediately respond to a request for comment. Warner said that tech companies continue to provide adtech services to sanctioned entities that have deep ties to countries he described as "foreign adversaries," including Russia and Iran. Among examples cited in Warner's letter were media and public reports from late 2023 saying Google served ads to sanctioned Russian and Iranian firms, and pro-Russian businessman Ilan Shor using Facebook advertising for what Warner called "malign influence activity targeting Moldovan elections." Warner noted that many countries had elections due this year, including the United States, which made it important for the Treasury Department to "enforce compliance with US sanctions."Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories
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#sr_widget .sr_desc{margin:0 auto 0;}
#sr_widget .sr_desc{color: #024d99;margin-top:10px;}
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Budget 2024Tune in for all updates on Interim Budget 2024 Democratic US senator Mark Warner, who heads the Senate Intelligence Committee, wrote a letter to treasury secretary Janet Yellen in which he said the treasury department was failing to "ensure sanctions compliance in digital advertising markets."
Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Professional Certificate in Product ManagementVisitIndian School of BusinessISB Product ManagementVisit American technology firms like Alphabet, which owns Google, and Meta, which owns Facebook, "continue to flout US sanctions rules," the lawmaker said in the letter. The companies did not immediately respond to a request for comment. Warner said that tech companies continue to provide adtech services to sanctioned entities that have deep ties to countries he described as "foreign adversaries," including Russia and Iran. Among examples cited in Warner's letter were media and public reports from late 2023 saying Google served ads to sanctioned Russian and Iranian firms, and pro-Russian businessman Ilan Shor using Facebook advertising for what Warner called "malign influence activity targeting Moldovan elections." Warner noted that many countries had elections due this year, including the United States, which made it important for the Treasury Department to "enforce compliance with US sanctions."Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 Stories