Citadel Securities LLC, a major market maker headquartered in Miami, Florida, has agreed to pay a $1 million fine to the Financial Industry Regulatory Authority (FINRA) for failing to comply with Consolidated Audit Trail (CAT) reporting requirements. The settlement, announced on [insert date], comes after a FINRA investigation revealed extensive reporting failures spanning over four years.
Teva Pharmaceuticals USA Inc. and Teva Neuroscience Inc. have agreed to pay $450 million to resolve allegations of kickback schemes and price fixing. The settlement, announced Thursday by the U.S. Department of Justice, addresses violations of the Anti-Kickback Statute (AKS) and the False Claims Act (FCA), marking a major victory in the government's ongoing efforts to combat healthcare fraud.
The Securities and Exchange Commission has awarded $12 million to three individuals whose cooperation proved instrumental in a major enforcement action. The substantial reward underscores a shifting landscape where internal witnesses increasingly shape Wall Street oversight.
Britain's financial watchdog has imposed a £10.9 million fine on TSB Bank plc, underscoring the regulator's growing intolerance of inadequate customer protection measures in the banking sector. The penalty comes after a comprehensive investigation revealed persistent failures in the bank's treatment of customers facing financial hardship.
Singapore's Inter-Ministerial Committee (IMC) recently announced a sweeping overhaul of the nation's anti-money laundering framework, introducing far-reaching measures designed to strengthen the city-state's defenses against financial crimes while preserving its status as a leading global financial center.
The world of environmental, social, and governance (ESG) risks has long been under scrutiny, and one of the key issues that continues to generate concern is greenwashing – the practice of making misleading claims about the environmental benefits of a company’s products or initiatives. RepRisk’s 2024 report on greenwashing has drawn attention to a significant, yet nuanced, shift in the greenwashing landscape. For the first time in six years, there has been an overall decline in the number of greenwashing incidents, though high-risk cases have surged, underlining an evolving and more complex regulatory landscape.
The Information Commissioner's Office (ICO) recently announced the launch of a groundbreaking audit framework designed to revolutionize how organizations approach data protection compliance. This sophisticated new tool represents a significant advancement in enabling organizations to systematically evaluate and enhance their personal data handling practices.