Poland’s competition watchdog closed out the year with a one-two punch that landed hard across two very different corners of the economy. Within 48 hours, the Office of Competition and Consumer Protection (UOKiK) announced sweeping penalties for a decade-long cartel in the agricultural machinery market and for unlawful handling of mortgage payment holidays by two major banks.
Treasury officials brought banks and law enforcement into the same room this week with a message that Chinese money laundering networks remain a persistent and deeply embedded threat to the U.S. financial system and that disrupting them depends on tighter, faster coordination between the public and private sectors.
The Italian Competition Authority has fined Apple more than €98.6 million for abusing its dominant position through the design and implementation of its App Tracking Transparency policy, marking a significant competition-law ruling at the intersection of privacy and digital advertising.
Australia’s corporate watchdog has rolled out a new round of updates aimed at simplifying how market participants and operators comply with technological and operational resilience requirements, as regulators continue to sharpen their focus on infrastructure risk across securities and futures markets.
Two whistleblowers who helped expose fraud harming investors are set to receive more than $1.8 million, after the Commodity Futures Trading Commission said their information played a meaningful role in successful enforcement actions.
France’s data protection authority has fined Mobius Solutions €1 million after finding that the company, acting as a processor for music-streaming platform Deezer, failed to comply with core GDPR obligations tied to subcontracting and data handling.
Europe’s new anti-money laundering authority is beginning to move from blueprint to reality. The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) on Thursday set out the rules that will underpin its future role as a direct supervisor of the EU’s highest-risk financial institutions, marking a major step toward more unified AML and CFT oversight across the bloc.