Banks and credit market companies in Sweden have largely effective processes for managing operational risk, but there is still significant room for improvement, according to a new in-depth analysis published Thursday by the Swedish Financial Supervisory Authority.
The Dubai Financial Services Authority has fined Ark Capital Management $504,000 (AED 1,850,940), citing weaknesses in the firm’s market abuse controls and a failure to keep the regulator informed about a proposed change in ownership.
South Korea’s financial intelligence authority is preparing for a significant expansion of its anti-money laundering and counter-terrorist financing regime, as it confronts a sharp rise in cross-border crime, increasingly sophisticated scams, and fast-moving risks tied to virtual assets.
Canada’s financial consumer watchdog has shed more light on a long-running fee disclosure breakdown at the Bank of Montreal, saying internal control gaps allowed erroneous charges to persist for more than a decade and affect over 100,000 customers.
Federal prosecutors in Manhattan plan to increase incentives for companies that cooperate in criminal investigations, including offering agreements that allow firms to avoid prosecution, according to remarks delivered Thursday by the U.S. attorney for the Southern District of New York.
Swedish authorities have recently delivered a long-awaited attempt at clarity on how health data can be used, shared, and governed. A government assignment launched in June 2025 asked the Swedish eHealth Agency and the Swedish Data Protection Authority to do something healthcare actors have been asking for repeatedly i.e., explain how the law actually works in practice when it comes to health data. That work is now complete, with the authorities submitting their final report this week to the Ministry of Health and Welfare.
After uncovering years of off-channel communications and discovery failures, the Financial Industry Regulatory Authority has fined Benjamin F. Edwards & Co. $750,000 and issued a formal censure, closing a case that traces back to supervisory gaps first exposed more than five years ago. The settlement centers on the firm’s failure to properly supervise, preserve, and review business-related text messages used by its registered representatives. It also addresses the firm’s failure to meet discovery obligations during a contentious FINRA arbitration tied to recruiting disputes.