The Financial Conduct Authority (FCA) has handed down a fine of £1,662,700 to Mako Financial Markets Partnership LLP (Mako) for serious lapses in its systems and controls—failings that left it vulnerable to facilitating financial crime. This is the latest in a series of enforcement actions stemming from the FCA’s deep dive into cum-ex trading, a practice that has raised alarms across Europe and beyond.
Cybersecurity is not a new concept for modern organizations. Scheduled password changes, two-factor authentication, and mandatory training sessions are standard practices in most office environments. As computers have become the primary tool for business operations, the data they generate has become one of the most valuable assets across industries.
Barclays has found itself in the midst of an investigation by the U.K.’s Financial Conduct Authority (FCA) over its money-laundering controls. The London-based bank disclosed this news on Thursday in its annual report, confirming its full cooperation with the FCA as the regulator digs deeper into the bank’s handling of financial crime risks.
California State Assembly member, Josh Lowenthal, introduced Assembly Bill (AB) 566 on February 12, 2025, backed by the California Privacy Protection Agency (CPPA). The bill aims to empower Californians with a simple, one-step tool to manage their digital privacy—requiring web browsers and mobile operating systems to provide users with an easy opt-out option for sharing their personal data.
As the global risk landscape continues to shift, businesses must face the reality of whether the traditional approaches to supply chain risk is no longer enough. In its 2025 Supply Chain ESG Risk Outlook, LRQA doesn’t just confirm what we already know about risks—it reveals deeper, sometimes uncomfortable truths that businesses can no longer afford to ignore. This isn’t just another report filled with jargon, it’s a wake-up call that calls for reflection, action, and a recalibration of how we view supply chain resilience in a rapidly changing world.
A data breach is never just a technical mishap, it’s a disruption that threatens both trust and personal rights. For those tasked with managing personal data, the Federal Data Protection Act (FADP) lays out clear—but complex—guidelines on how to handle such breaches. Article 24 of the FADP is especially crucial, detailing the responsibilities of data controllers when security incidents occur. Here’s a rundown of how data controllers can navigate these waters, ensuring they’re both compliant and proactive.
The National Treasury Employees Union (NTEU) has filed two lawsuits in response to recent executive actions that it argues threaten both the continued operation of the Consumer Financial Protection Bureau (CFPB) and the privacy of its employees. The lawsuits, filed on February 10, 2025, highlight concerns over the impact of these measures on both the agency's mission and the personal security of its workforce.