Anglian Water has been hit with a proposed £62.8 million ($81 million USD) enforcement package after Ofwat found the company had breached legal obligations in managing its wastewater treatment works and sewerage network.
Innovation may be reshaping the financial sector but not always for the better. That’s the message coming through loud and clear in the European Banking Authority’s (EBA) latest biennial Opinion on money laundering and terrorist financing (ML/TF) risks.
The UK’s newly released 2025 National Risk Assessment of Money Laundering and Terrorist Financing (NRA) marks a critical turning point in how financial crime risk is expected to be understood, assessed, and managed.
Online travel agency Webjet has been ordered to pay $6.1 million (AU$9 million) in penalties by the Federal Court after admitting to misleading consumers about flight prices and booking confirmations, following an investigation by the Australian Competition and Consumer Commission (ACCC).
Tea, the viral women's safety app that surged to #1 on the App Store this week, promised women a safe space to share information about potentially dangerous dates. Instead, it became a playground for 4chan users to harvest and distribute the most sensitive personal data imaginable: selfies, driver's licenses, and private conversations from 72,000 users
As trade enforcement intensifies across the U.S., patio furniture company Grosfillex Inc. has agreed to pay $4.9 million to settle allegations it evaded antidumping and countervailing duties (AD/CVD) on aluminum components imported from China. The Justice Department announced the False Claims Act settlement Thursday, marking the second significant trade-related case in as many days.
U.S. Securities and Exchange Commission (SEC) Commissioner Caroline A. Crenshaw issued a strongly worded statement on July 23 criticizing the agency’s response to a federal court order in ongoing litigation over its climate-related disclosure rules.