Compliance & Ethics

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.

The Serious Fraud Office, ENRC, Dechert LLP and David Gerrard have concluded their civil proceedings on confidential terms. The case closes a landmark dispute in which a court found the SFO breached its duties during a bribery and corruption investigation that ended without charges. Compliance teams should treat it as a lasting reference point on how privilege, internal investigations and engagement with enforcement agencies are handled.

The Norway Financial Supervisory Authority has listed a warning about "Alinmcol," an entity originally flagged by Luxembourg's CSSF in a June 2026 notice concerning the website www.alinmcol.com. Compliance teams should treat the entity as high risk for unauthorized or fraudulent activity and update screening controls and customer-facing alerts accordingly.

FinCEN has reissued a Geographic Targeting Order requiring covered money services businesses in designated ZIP codes in New Mexico and Texas to file Currency Transaction Reports on cash transactions between USD $1,000 and USD $10,000. The order is effective for 180 days after Federal Register publication. Compliance teams at affected MSBs, and at banks that serve them, should confirm scope, adjust reporting processes, and reassess risk exposure.