Americas Securities has reached a settlement with FINRA after admitting to multiple rule violations related to inaccurate trade reporting and supervisory failures. Under the terms of the settlement, the firm has agreed to pay a $275,000 fine and accept a censure.
The European Commission is once again raising the stakes in the fight against financial crime by updating its list of high-risk countries. These jurisdictions, which exhibit significant gaps in their anti-money laundering (AML) and countering the financing of terrorism (CFT) frameworks, will now face increased scrutiny from EU financial institutions.
The U.S. Department of Justice (DOJ) just announced that it will resume its foreign-bribery investigations, but with a narrowed focus aimed at protecting American businesses' ability to compete on the global stage and safeguarding national security. This decision follows a four-month review prompted by an executive order from President Trump, which had paused such investigations earlier this year.
Acting Comptroller of the Currency Rodney E. Hood recently addressed the U.S. Chamber of Commerce Capital Markets Forum, sharing insights into the Office of the Comptroller of the Currency’s (OCC) regulatory strategies aimed at modernizing financial oversight while maintaining the stability and resilience of the U.S. banking system. Hood emphasized the importance of balancing innovation with effective regulation to foster economic growth, financial inclusion, and institutional accountability.
Anecdotes, an AI-powered Governance, Risk, and Compliance (GRC) platform, has announced the successful closing of its expanded Series B funding round, raising an additional $30 million to bring the total funding for the round to $55 million. The extended round was led by DTCP, following an initial $25 million raised from Glilot, Vertex, and Red Dot. With this latest infusion of capital, Anecdotes has now raised a total of $85 million to date.
Lockheed Martin, one of the largest defense contractors in the world, has agreed to settle allegations under the False Claims Act by paying $29.74 million. This settlement addresses accusations of defective pricing practices in contracts related to the production and maintenance of its F-35 fighter jets. The settlement adds to the $11.3 million Lockheed Martin already paid to the Department of Defense (DOD) for similar pricing issues in these same contracts.
Google is making a major move to address legal concerns and ramp up its internal governance. The tech giant has agreed to spend $500 million over the next 10 years to overhaul its compliance structure, as part of a settlement with shareholders. This lawsuit, initially filed by a Michigan pension fund in 2021, accused Google of violating antitrust laws, claiming the company’s online advertising practices were monopolistic and anticompetitive.