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.
Instacart has agreed to pay $60 million in consumer refunds to settle a lawsuit brought by the Federal Trade Commission, which alleged that the grocery delivery platform used deceptive advertising, improper subscription practices, and unlawful refund processes that raised costs for shoppers.
A decade of misreported market data, years of conflicted advice, and widespread failures affecting tens of thousands of customers all landed before the courts this week, as ASIC secured three major enforcement outcomes against Macquarie Securities, RM Capital, and ANZ. The decisions span institutional trading, advice oversight, and retail banking operations.
Ceratizit USA, a Charlotte, North Carolina–based distributor of tungsten carbide products, has agreed to pay $54.4 million to resolve allegations that it violated the False Claims Act by knowingly evading U.S. customs duties on imports from China, the Department of Justice announced Thursday.
The Office of the Comptroller of the Currency on Wednesday released proposed guidance aimed at reducing regulatory burden for community banks by simplifying how they can comply with the Community Reinvestment Act.
The Financial Conduct Authority has welcomed the UK government’s move to reform the country’s benchmarks framework, signaling support for a shift away from the EU-era Benchmarks Regulation toward a more targeted, UK-specific regime.