Australia’s corporate watchdog has launched civil penalty proceedings against Equity Trustees Superannuation Limited, alleging the trustee failed in its gatekeeping role when overseeing investments in the Shield Master Fund.
For eight years, one of the world’s biggest banks was publishing research on Hong Kong-listed companies with a blind spot. Key disclosures were either missing or wrong. Now, regulators have stepped in.
Canada has taken another hard look at the shadow economy running through its borders, and the picture is as sobering as ever. In its 2025 National Risk Assessment on Money Laundering and Terrorist Financing, the government says organized crime groups, fraud schemes, and new twists driven by technology like artificial intelligence remain the most urgent threats to the integrity of the financial system.
The Bureau of Industry and Security (BIS), housed within the US Department of Commerce, is one of Washington’s central gatekeepers of national security and foreign policy. Its mission is carried out largely through export controls, which determine who can access sensitive US-origin goods, software, and technology.
JPMorgan Chase will pay $330 million to Malaysia to settle claims linked to the country’s 1MDB sovereign wealth fund scandal, even as its Swiss private banking arm faces a criminal conviction for failing to prevent aggravated money laundering.
The UK’s Competition and Markets Authority (CMA) has confirmed it will launch an initial investigation into the proposed acquisition of Shutterstock by Getty Images, two of the world’s largest stock image providers.
The Office of the Comptroller of the Currency (OCC) has published its latest round of enforcement actions, and the list makes for a telling snapshot of the different ways trust in the banking system can fray. On one end, a small Illinois bank is under pressure to fix fundamental weaknesses in capital and planning. On the other, a string of former tellers and managers from some of the country’s biggest banks have been banned from the industry for dipping into customer funds.