The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has reached a $1.05 million settlement with consulting giant FTI Consulting over apparent violations of U.S. sanctions targeting Russia's financial sector, concluding that the firm indirectly extended prohibited debt to Russian state-owned lender VTB Bank on multiple occasions.
For much of the debate surrounding the EU AI Act, "high-risk" has been treated as a category everyone understood. It turns out that understanding it and applying it are not quite the same thing.
The UK’s privacy regulator has laid out an ambitious program of AI-related guidance, oversight, and public engagement as it seeks to support the government’s push for AI-driven economic growth while maintaining confidence in how personal data is used.
The Securities and Exchange Commission (SEC) just proposed rescinding the climate-related disclosure requirements it adopted in March 2024, a rule package that had consumed years of debate, generated fierce opposition from business groups and Republican lawmakers, and become one of the defining regulatory initiatives of former SEC Chair Gary Gensler's tenure.
Drawing on thematic inspections of selected fund management companies and reviews conducted by external auditors it appointed, The monetary Authority of Singapore (MAS) released an information paper outlining what it considers effective governance, risk management, and oversight across the investment process. The paper spans firms operating a range of investment strategies, including equity, fixed income, hedge fund, private credit, and fund-of-funds mandates.
ASIC has delivered its first substantive assessment of Australia's new mandatory climate reporting regime, telling companies that while the initial wave of disclosures has established a foundation for comparability, significant work remains before reporting practices reach a mature and consistent standard.
The European Commission has fined Temu €200 million for violating the European Union's Digital Services Act (DSA), concluding that the online marketplace failed to properly assess and address the risks posed by illegal products offered through its platform.