The U.S. Department of the Treasury’s Office of Foreign Assets Control has reached a $1,720,000 settlement with IMG Academy, concluding a case that stretches across five academic years and nearly 90 transactions tied to individuals sanctioned under U.S. counternarcotics laws.
The European Central Bank has fined J.P. Morgan €12.18 million after concluding the bank misreported key risk figures used to calculate its capital requirements over several years.
The Italian Competition Authority has opened two fresh investigations and launched a separate moral suasion action over alleged ambush marketing linked to the 2026 Olympic and Paralympic Winter Games. The move comes shortly after interim measure proceedings involving Harmont & Blaine, a case we previously covered concerning suspected unauthorized references to the Games in commercial advertising.
At a time when households are still feeling the strain of rising costs and businesses are navigating rapid technological change, the Australian Competition and Consumer Commission has set out a compliance and enforcement agenda designed to steady the ground beneath both.
CUBE has acquired 4CRisk.ai, a Silicon Valley-based regulatory technology firm focused on AI-driven compliance and risk mapping, the companies announced Thursday. Financial terms were not disclosed.
The European Commission’s push to simplify sustainability reporting is gaining institutional support, but not without caveats. Over the past week, both the European Securities and Markets Authority and the European Banking Authority have backed efforts to streamline the European Sustainability Reporting Standards. At the same time, they have urged the Commission to tighten specific elements before the revised standards are locked in through a delegated act expected by summer 2026.
Sweden’s financial watchdog has formally reprimanded Samhällsbyggnadsbolaget (SBB), concluding that the property group’s 2021 consolidated financial statements painted a rosier picture than reality allowed.