Love is in the air (and on the cloud)….but should love be regulated?Published on 14th February 2022
Cupid has had to step aside as the world moves on from shooting arrows – perhaps he’s now unable to secure anymore arrows with increased CFT regulation.
The move to the cloud has moved us from traditional love crimes, such as buying last minute limp bunches of carnations from the petrol/gas station to those ones that start in the cloud, and not the fluffy cumulus one of our school geography class days.
affecting the purchase of weapons.(2294 items of published regulatory content since start of 2020 on Corlytics FinCrime Tracker)
Today we’ve moved from shooting arrows to swiping right as dating apps have taken over in the game of love. This new way of finding love is full of potential regulatory issues.
DATA PRIVACY AND CYBERSECURITY
adding your photos and personal data to an online service
A quick search on the Corlytics regulatory monitoring platform for ‘Data privacy’ reveals 1127 pieces of published regulatory content since 2020
Romance scams are gaining a lot of media attention as scammers take advantage of online love.
A quick search on the Corlytics regulatory monitoring platform for romance+scams reveals 123 pieces of published regulatory content since 2020.
As money moves in our digital world, the fraudsters move with it.
Checking Corlytics PSP Payments tracker reveals that there have been 174 pieces of published regulatory content relating to Digital wallets since the start of 2020
The days of burning love letters (Carbon emissions!) have been replaced by desperate attempts to remove media from social media servers around the globe as blackmailers cause misery to those affected.
Checking Corlytics ESG Regulatory tracker reveals that there have been 9588 pieces of published regulatory content relating to one of the E categories, Environmental change, since the start of 2020 and pollution and carbon emissions are in there so, perhaps regulation now precludes you from burning those love letters.
AND THE GOOD THINGS?
- Cupid is not answerable to any court so, if he gets it wrong, he cannot be fined or prosecuted but now we can avoid him and move to a more regulated love environment.
- The Regulators continue to publish content and issue enforcements to protect the lovers.
- Even the lowly carnations are mentioned in Commission Implementing Regulation (EU) 2021/2286 CLND with category 082 including Carnations – should you still wish to commit that crime outside of the cloud.