Italy’s competition authority has handed Revolut more than €11 million in fines, concluding that the fintech group misled customers about its investment offering and used heavy-handed practices when restricting access to bank accounts.
New Zealand’s Co-operative Bank has been fined approximately $1.5 million (NZD $2.482 million) after the High Court found it charged customers unreasonable fees across a range of lending products over several years.
Australia’s financial intelligence agency, AUSTRAC, has ordered payment platform MHITS to appoint an external auditor to review its anti-money laundering and counter-terrorism financing (AML/CTF) controls, in a move that shows growing unease with how parts of the payments sector are managing financial crime risk.
Federal and state regulators have reached a settlement with Lindsay Automotive Group, forcing the dealership network to return money to consumers and change how it prices and sells vehicles after years of alleged deceptive practices.
France’s competition authority, the Autorité de la concurrence, has fined Nexans and Sonepar a combined €6.5 million after concluding the two groups maintained what it described as a de facto exclusive import arrangement for electrical cables across France’s overseas territories.
India’s insurance regulator has adjusted its focus on how products are presented and sold online, urging insurers to take a closer look at whether their digital platforms are steering customers in ways that may be misleading.
New guidance from the Japanese Financial Services Agency reframes how institutions are expected to think about financial crime, placing a firm emphasis on adaptability, governance, and real-world effectiveness rather than technical compliance alone. The message running through the document is simple but consequential. Static controls will not hold up in a system where threats evolve by the day.