Australian fashion retailer City Beach has been ordered to pay about $9.4 million (AUD 14 million) in penalties after the Federal Court of Australia found it supplied tens of thousands of products that failed to meet mandatory button battery safety and information standards.
The Federal Trade Commission moved again this week to dismantle labor practices it says quietly box workers into lower pay and fewer options, ordering Adamas Amenity Services to stop enforcing no-hire agreements that regulators say restricted job mobility across New Jersey and New York City.
Poland’s competition watchdog closed out the year with a one-two punch that landed hard across two very different corners of the economy. Within 48 hours, the Office of Competition and Consumer Protection (UOKiK) announced sweeping penalties for a decade-long cartel in the agricultural machinery market and for unlawful handling of mortgage payment holidays by two major banks.
Treasury officials brought banks and law enforcement into the same room this week with a message that Chinese money laundering networks remain a persistent and deeply embedded threat to the U.S. financial system and that disrupting them depends on tighter, faster coordination between the public and private sectors.
The Italian Competition Authority has fined Apple more than €98.6 million for abusing its dominant position through the design and implementation of its App Tracking Transparency policy, marking a significant competition-law ruling at the intersection of privacy and digital advertising.
Two whistleblowers who helped expose fraud harming investors are set to receive more than $1.8 million, after the Commodity Futures Trading Commission said their information played a meaningful role in successful enforcement actions.
Europe’s new anti-money laundering authority is beginning to move from blueprint to reality. The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) on Thursday set out the rules that will underpin its future role as a direct supervisor of the EU’s highest-risk financial institutions, marking a major step toward more unified AML and CFT oversight across the bloc.