The Justice Department is closing the book on a years-long probe into market manipulation at BofA Securities (BoAS), and the bank is walking away without criminal charges. Instead, BoAS will pay nearly $6 million in disgorgement and victim compensation after voluntarily coming forward about misconduct on its U.S. Treasuries desk.
The Office of the Comptroller of the Currency (OCC) ended summer with a pointed reminder that accountability in banking isn’t confined to the boardroom. In its September 2025 enforcement actions, the regulator issued no new penalties against institutions but handed out prohibition orders to five former bank employees for fraud, theft, and misappropriation of funds.
For years, concertgoers have grumbled about Ticketmaster’s sky-high fees and impossible-to-get tickets. Now the Federal Trade Commission is putting those frustrations into a federal courtroom.
Australia’s corporate watchdog has refreshed its guidance for auditors, issuing an updated regulatory guide that consolidates and simplifies rules around reporting breaches and contraventions to the regulator.
Singapore and Hong Kong, two of Asia’s busiest financial hubs, have decided it’s time to take their long-standing cooperation up a notch. On September 17, the Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) signed a new Memorandum of Understanding (MoU) designed to strengthen cross-border banking supervision.
Exactech, a Gainesville, Florida–based medical device company, is paying the price for cutting corners on patient safety. The company has agreed to an $8 million settlement with the U.S. government after being accused of selling faulty knee replacement devices to Medicare, Medicaid, and the Department of Veterans Affairs — a deal signed off by the U.S. Bankruptcy Court in Delaware as the company works through its Chapter 11 case.
For Varengold Bank AG, the reckoning has finally arrived. After years of audits, inspections, and missed opportunities to get its house in order, Germany’s financial regulator BaFin has handed the Hamburg-based bank a bill it can’t ignore, with €3.8 million ($4.1 million) in fines and an order to fix its broken anti-money laundering defenses.