Big health care is already too big

Some of the most heated policy debates in DC these days involve the use of big data to monitor people’s habits. This is usually attributed to powerhouses like Google and Meta. But throughout the economy, dominant firms are copying Big Tech’s business methods and causing similar, if not more widespread, damage through predatory practices. Indeed, … Read more

Money services businesses are penalized for failing to adopt sound anti-money laundering practices

Two recent federal enforcement actions — announced the same day — underscored the need for crypto companies to carefully consider their anti-money laundering (AML) obligations or risk significant penalties. First, on August 8, 2022, the US Treasury Department’s Office of Foreign Assets Control (OFAC) added Tornado Cash (Tornado) to the Specially Designated Nationals (SDN) list. … Read more

BEIS blocked the first transaction under the UK’s National Security and Investments Act

On 20 July 2022, the UK Government’s Secretary of State for Business, Energy and Industrial Strategy (BEIS) published a final order blocking a proposed licensing agreement between the University of Manchester and Beijing Infinite Vision Technology Company Ltd. (Beijing Infinite). This final order is the first time the Secretary of State has halted a planned … Read more

Tick ​​tock: How Carlisle won the ManTech bid

In the race to curry favor and acquire ManTech, Carlyle Group’s most direct competitor was another private equity firm like it that invests in the government technology and professional services market. The financial side of that race ended in an exact tie: the suitors’ best and final bids were exactly the same at about $3.9 … Read more

BEIS has published its first annual report on the UK’s National Security and Investment Act

On 16 June 2022, the Department for Business, Energy and Industrial Strategy (BEIS) published its first annual report on the National Security and Investment Act 2021 (NSI Act). The report only covers the period from 4 January 2022 (ie the date the NSI Act came into force) to 31 March 2022. However, the report offers … Read more