Australia’s Federal Court has ordered Australian Unity Funds Management Limited to pay a civil penalty of $4.95 million (AUD 7.125 million) after finding the firm failed to properly assess whether a retail investment product was suitable for investors, breaching the country’s design and distribution obligations.
An Australian federal court has ordered BPS Financial to pay $9.7 million USD (AUD 14 million) in penalties over its promotion and operation of the Qoin Wallet, a crypto-based payment product that regulators said was sold without the required licenses and backed by misleading claims.
Video games were once a hobby defined by premium products. Consoles often cost several hundred dollars, and games themselves were priced around $60 for most of the last two decades. Purchasing a console and building a collection of games was an intentional act. A console is no small purchase, especially for a young audience or the generous parent. The purchase of individual games was typically a decision informed by quality and value from a discerning consumer.
Italy’s competition watchdog has opened a first-of-its-kind antitrust investigation into alleged collusion in the labour market, turning its attention to a cluster of companies operating at the heart of the country’s automated packaging industry.
Europe’s new anti-money laundering authority is taking another step toward its future role as a frontline supervisor, as Anti-Money Laundering Authority (AMLA) prepares to launch a data collection exercise aimed at stress-testing the risk models it will rely on to oversee the financial sector.
Traditions Health has agreed to pay $34 million to resolve civil allegations that it improperly billed Medicare for home health services and provided financial benefits to physicians in connection with patient referrals, federal authorities announced Thursday.
As regulatory expectations rise and market risks grow more complex, the Cyprus Securities and Exchange Commission is showing that stricter supervision, tougher enforcement, and deeper digital capabilities will define its approach heading into 2026, a year that will see Cyprus take on the Presidency of the Council of the European Union.