American Express devoted more attention to the money laundering risks of its deposit accounts than to those of its much larger credit and charge card business. Over the past decade, approximately $13 billion in suspected trade-based money laundering activity went without timely identification, evaluation and sufficient reporting, according to federal regulators.
The International Sustainability Standards Board has proposed new guidance on nature-related financial disclosures, but companies would not have to follow it to claim compliance with the board's sustainability reporting standards.
The Office of the Comptroller of the Currency (OCC) finalized regulations governing payment stablecoin issuers on October 21, setting federal standards for reserves, redemption, risk management, and supervision ahead of the GENIUS Act's January 2027 effective date.
At its worst in 2024, the shortfall in Coinbase Ireland's customer safeguarding account reached €5.2 million. The company was required to keep enough money in the account to cover its obligations to customers. For at least 18 months, it fell short every day.
A New Mexico judge has ordered Meta Platforms to pay $25 billion in civil penalties after a jury found that Facebook repeatedly misled consumers about their personal information and the company's handling of harmful content. The judgment, issued Wednesday, is among the largest financial penalties ever imposed on a U.S. corporation.
Norway's data protection authority received 282 reports of personal data breaches linked to deliberate cyberattacks in the first half of 2026, up from 103 during the same period last year, as intrusions at shared technology suppliers exposed information belonging to multiple organizations.
The European Commission has opened a formal investigation into Booking.com over concerns that fraudulent accommodation listings, phishing scams and undisclosed paid promotions may be exposing travelers to risks the platform has failed to adequately address.
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