Compliance & Ethics

New Zealand’s AML/CFT supervisors have refreshed the customer due diligence playbook across common business structures, pairing an April 2024 guide for limited partnerships with a new September 2025 guide for sole traders and partnerships. Both were issued under section 132(2) of the AML/CFT Act 2009 and are meant to be read alongside the Beneficial Ownership and Enhanced CDD guidance. They are not legal advice, but reporting entities must have regard to them when building or updating their programmes.

Italy’s competition watchdog has slapped some of the country’s biggest oil companies with fines totaling more than €936 million after uncovering a cartel that rigged the price of fuel components for over three years.

Indonesia’s competition watchdog has handed TikTok a 15 billion rupiah (about $1.15 million) fine after the company failed to promptly report its takeover of Tokopedia, the country’s largest e-commerce platform, Reuters first reported.

For nearly two weeks in late 2023, some UK business customers of Vonage picked up their desk phones and discovered they couldn’t dial 999. Today, Ofcom confirmed that lapse will cost the communications provider £700,000.

For years, Malta’s beneficial ownership reporting regime has kept a watchful eye on professional trustees. Now, the net has widened. Private trustees, the individuals who quietly manage trusts outside of a professional setup, are being pulled into the same regulatory framework, with new obligations that promise to shake up how transparency in the sector is enforced.

In what officials are calling a landmark victory for consumers, the Federal Trade Commission (FTC) has extracted a historic $2.5 billion settlement from Amazon over allegations that the e-commerce giant misled millions into unwanted Prime subscriptions and intentionally made it difficult to cancel them.

California Attorney General Rob Bonta has joined a coalition of 17 other state attorneys general in urging a federal court to reject Capital One’s proposed $425 million settlement in a multidistrict class action, arguing that it does not adequately compensate consumers who lost nearly $3 billion in potential interest earnings.