Singapore’s efforts to combat money laundering, terrorism financing, and proliferation financing received a strong endorsement Wednesday from the Financial Action Task Force, with the global watchdog concluding that the country maintains a “robust and effective” financial crime framework.
ING Belgium has agreed to pay a €1.6 million settlement in connection with a Belgian money laundering investigation tied to former European Commissioner Didier Reynders, as prosecutors sharpen scrutiny on how financial institutions handle suspicious transactions involving politically exposed figures.
The U.S. Securities and Exchange Commission has moved to expand its ongoing case tied to Twitter, adding a trust associated with Elon Musk while simultaneously signaling a potential end to the litigation.
The European Securities and Markets Authority is untangling one of the more persistent challenges in European financial regulation, how to make reporting simpler without losing the data regulators rely on.
Belgium’s competition watchdog has ordered AutoScout24 to reinstate the flow of sellers’ listing data to a competing platform, stepping in with interim measures it says are needed to prevent immediate harm in the country’s online car sales market.
There was a time when the challenge for compliance teams was visibility. Policies sat in binders. Codes of conduct gathered dust. Ethics, where it existed, lived more in aspiration than in practice. That problem, for the most part, has been solved.
The Serious Fraud Office has secured a £10 million settlement from Ultra Electronics Holdings, drawing a line under a years-long investigation into bribery risks tied to overseas contracts.