The UK’s Financial Conduct Authority (FCA) has fined Monzo Bank £21,091,300 for serious and repeated failures in its financial crime controls, citing deficiencies in the digital bank’s customer onboarding, risk assessment, and transaction monitoring systems between 2018 and 2022.
The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has published its 2025 Markets and Risk Outlook, painting a picture of resilience tempered by deepening volatility, persistent geopolitical tensions, and growing operational and cyber threats.
The U.S. Securities and Exchange Commission (SEC) and SolarWinds Corp. have reached a tentative agreement to settle the high-profile lawsuit stemming from the Russia-linked Sunburst cyberattack, Reuters first reported Wednesday.
Sweden’s privacy regulator had a busy week, slapping some of the country’s most recognizable public and private names with fines over mishandling personal data, ranging from intimate health purchases to employees’ sobriety test results.
The European Supervisory Authorities (EBA, EIOPA, and ESMA) have signed a detailed multilateral Memorandum of Understanding (MMoU) with the European Anti-Money Laundering Authority (AMLA), formalizing how the institutions will cooperate and exchange information going forward.
The French government has fined online fashion retailer Shein €40 million after uncovering widespread deceptive practices in how the company advertised price reductions and promoted its environmental credentials.
The first wave of sustainability reports published under the EU’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) is starting to roll in, and while the Netherlands Authority for the Financial Markets (AFM) has offered praise for the progress made, it’s also calling for greater clarity and strategic depth in future disclosures.