For millions of tourists each year, a ticket to the Colosseum isn’t just entry to a historic site, it’s a passage to the ancient world. But for many, getting that ticket has felt like trying to win a lottery they didn’t even sign up for. Well, now we know why.
California and U.S. businesses should take note, bribing foreign officials is still a big no-no, even if recent headlines about the FCPA enforcement pause have you wondering otherwise.
As the deadline to implement the new EU banking regulations (CRR3) draws closer, Malta’s financial sector is largely on track. According to the latest assessment from the Malta Financial Services Authority (MFSA), most local banks are prepared for the upcoming changes, though there’s still work to be done.
In today’s fast-moving world, staying on top of regulatory requirements isn’t just a challenge, it’s a constant juggling act. As businesses face mounting compliance demands, they’re looking for ways to stay ahead of the curve, with speed, agility, and resilience. Enter RegTech. Positioned right at the intersection of technology and regulation, RegTech is becoming a game-changer in the Governance, Risk Management, and Compliance (GRC) space. It’s providing the tools that organizations need to not only keep up with—but get ahead of—an increasingly complex regulatory environment. As I dive into the intricacies of RegTech, I’ve shared some key insights in my original article on navigating this ever-evolving landscape.
Japan’s Financial Services Agency (FSA) has put a spotlight on the importance of continuously validating the effectiveness of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) frameworks within financial institutions (FIs). The agency’s latest publication comes with a crucial message that AML/CFT framework are only as strong as its ongoing evaluation.
DWS Group, Deutsche Bank’s asset-management arm, is paying the price for overstating its green credentials. The firm has agreed to settle an investigation by German prosecutors, paying €25 million ($27 million) over allegations of greenwashing—essentially, overhyping its sustainability efforts. According to a report from the Wall Street Journal, German authorities found that between mid-2020 and January 2023, DWS made inflated claims about the environmental, social, and corporate governance (ESG) characteristics of its investment products.
When you think about the equipment that keeps our military running smoothly, you might imagine high-tech gear, advanced weaponry, and well-oiled machinery. What’s often less visible, though, are the parts that make all of this work—like electrical relays and sockets. DRI Relays Inc. (DRI), a subsidiary of TE Connectivity Corporation (TEC), has found itself in the spotlight over a failure to meet the very standards that keep those parts dependable for our armed forces. The company has agreed to pay $15.7 million to settle allegations under the False Claims Act, after it was accused of selling military parts that didn’t meet the required specifications.