Australia’s financial intelligence agency, AUSTRAC, has ordered payment platform MHITS to appoint an external auditor to review its anti-money laundering and counter-terrorism financing (AML/CTF) controls, in a move that shows growing unease with how parts of the payments sector are managing financial crime risk.
Federal and state regulators have reached a settlement with Lindsay Automotive Group, forcing the dealership network to return money to consumers and change how it prices and sells vehicles after years of alleged deceptive practices.
France’s competition authority, the Autorité de la concurrence, has fined Nexans and Sonepar a combined €6.5 million after concluding the two groups maintained what it described as a de facto exclusive import arrangement for electrical cables across France’s overseas territories.
India’s insurance regulator has adjusted its focus on how products are presented and sold online, urging insurers to take a closer look at whether their digital platforms are steering customers in ways that may be misleading.
New guidance from the Japanese Financial Services Agency reframes how institutions are expected to think about financial crime, placing a firm emphasis on adaptability, governance, and real-world effectiveness rather than technical compliance alone. The message running through the document is simple but consequential. Static controls will not hold up in a system where threats evolve by the day.
Italy’s antitrust regulator has taken aim at one of the country’s best-known jewellery brands, handing Morellato a €25,895,043 fine for a long-running set of distribution practices that, in the authority’s view, crossed the line from brand control into outright restriction of competition.
South Korea’s Financial Services Commission is tightening oversight of the crypto sector, proposing a set of rule changes that read less like a wholesale rewrite and more like a deliberate effort to close the gaps regulators believe have been quietly undermining the system.