Australia’s banking and financial crime regulators have moved to tighten oversight of Bendigo and Adelaide Bank after an independent Deloitte review uncovered serious shortcomings in how the lender manages money laundering and broader non-financial risks.
France’s competition authority has turned its attention to a growing tension at the heart of artificial intelligence. As AI systems scale across Europe, the energy and environmental costs of that expansion are becoming a competition issue in their own right.
South Korea’s media and telecoms regulator has launched an investigation into Coupang, examining whether the e-commerce giant has unlawfully made it difficult for users to delete their accounts in the wake of a massive personal data breach that rattled the country earlier this year.
The Netherlands’ data protection authority has warned users and organizations to think carefully before continuing to use TikTok, after confirming that the platform is still transferring personal data of European users to China despite a joint finding by EU privacy regulators that such transfers are unlawful under the GDPR.
Danish competition regulators have brought their long-running investigation into Apple’s iPhone repair practices to a close, after the company agreed to a set of commitments aimed at making repairs easier and more competitive in Denmark.
Europe’s experiment with cleaning up ESG fund labels is already having a visible effect on the market. New research by the European Securities and Markets Authority shows that its guidelines on the use of ESG and sustainability-related terms in fund names have triggered widespread rebranding, portfolio changes, and a sharper divide between funds willing to adapt and those opting to step back from ESG branding altogether.
Federal prosecutors have charged a California-based digital health company and a Florida medical practice with orchestrating what authorities describe as a sweeping scheme to illegally distribute Adderall and other stimulants through an online subscription model, allegedly generating more than $100 million in revenue while bypassing basic medical safeguards.