The Hong Kong Monetary Authority (HKMA) has taken disciplinary action against three banks for failing to meet anti-money laundering and counter-terrorist financing (AML/CFT) requirements, citing serious deficiencies in their transaction monitoring systems and oversight.
A consortium led by Goldman Sachs Alternatives, including Blackstone, has acquired a majority stake in NAVEX, a global provider in ethics, risk, and compliance software, in a deal that demonstrates growing investor appetite for governance, risk, and compliance (GRC) platforms amid increasing regulatory complexity.
Australia’s financial markets watchdog has launched civil proceedings against Fortnum Private Wealth, accusing the advice firm of neglecting basic cybersecurity obligations and exposing thousands of clients to significant data risks, including one breach that allegedly saw sensitive client information surface on the dark web.
Even in the face of shifting regulations, mounting data demands, and a murky compliance landscape, companies aren’t backing down from their ESG reporting commitments. That’s the central message from KPMG’s 2025 ESG Assurance Maturity Index, which paints a nuanced picture of steady, if uneven, progress, and a growing divide between those leading the charge and those still trying to find their footing.
France’s financial watchdog and its anti-corruption agency are sounding the alarm over organized criminal networks that are targeting professionals with access to inside information, and they’re getting better at it.
Interactive Brokers LLC has agreed to pay nearly $11.83 million to settle a wide-ranging enforcement case with the U.S. Treasury’s Office of Foreign Assets Control (OFAC). The fine stems from thousands of transactions spanning more than seven years that violated multiple U.S. sanctions programs, including dealings linked to Iran, Cuba, Syria, Crimea, Russia, and Chinese military-linked firms.
Brussels has approved its most comprehensive sanctions package yet against Russia, marking the 18th wave of EU action since the start of the war in Ukraine. The new measures aim to ratchet up pressure on the Kremlin’s energy revenues, financial lifelines, and military-industrial backbone, while also closing loopholes and clamping down on sanctions evasion through third countries and shadow networks.