Bank of America failed to report more than $5 billion in suspicious transactions in a timely manner and allowed serious deficiencies in its anti-money laundering controls to persist for years, even after regulators ordered the bank to correct them, according to enforcement actions announced Tuesday by the U.S. Treasury Department.
CVS Pharmacy and related corporate entities have agreed to pay $315 million to resolve federal allegations that the pharmacy chain filled unlawful prescriptions for opioids and other controlled substances for more than a decade, then sought reimbursement for many of those prescriptions from Medicare and other federal healthcare programs.
The UK's Serious Fraud Office (SFO) has opened a direct line to its senior legal leadership for companies considering whether to report suspected fraud, bribery or corruption, responding to concerns raised by lawyers since the agency revised its corporate cooperation guidance last year.
The European Union’s three financial supervisory authorities have set out their joint priorities for 2027, with cyber resilience, artificial intelligence and sustainable finance among the principal areas of work. The program comes alongside new guidance from the EU’s securities regulator identifying the financial and sustainability reporting issues that listed companies should address in their 2026 annual reports.
Poland's consumer protection authority has fined renewable energy installer Nasz Prąd approximately $5.49 million (PLN 21.475 million) after finding 21 unfair provisions in contracts that allowed the company to change equipment specifications, impose substantial penalties on homeowners and remove heating systems over unpaid balances.
Bundesbank President Joachim Nagel indicated in a Le Monde interview that an ECB rate increase at the September 10, 2026 meeting is widely expected, with markets pricing in more than a 95% probability. He declined to offer guidance beyond that meeting, citing energy price swings and volatile financial markets. Compliance and risk teams should treat this as a signal of a tightening cycle and of heightened market, liquidity, and fiscal-policy uncertainty.
The Norway Financial Supervisory Authority (Finanstilsynet) has posted a warning about "Nexura VG," referencing a CSSF (Luxembourg) notice on the website www.nexuravg.com. The notice signals a suspected unauthorized or fraudulent financial services operation. Compliance teams should screen for exposure and update their watchlists.
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