Teledyne has agreed to pay $1.5 million to resolve allegations that it supplied the U.S. military with aircraft components that failed to meet contract requirements, according to the Justice Department.
Italy’s antitrust authority has drawn a hard line under what it describes as one of the most serious competition law breaches ever uncovered in the country’s industrial sector, fining 16 iron foundries and their trade association, Assofond, a combined €70 million for running a covert price-coordination scheme that spanned two decades.
A federal judge has ruled that the Trump administration’s failure to fund the Consumer Financial Protection Bureau would violate an existing court order, according to the Economic Times, rejecting the administration’s argument that no lawful funding mechanism remains available to keep the agency operating.
For years, pyramid schemes were thought of as a relic of the 1990s. According to Poland’s competition authority, they never really went away. They just learned new language, new platforms, and new disguises. On December 30, 2025, the President of UOKiK announced more than $6 million (over PLN 24 million) in combined fines against two U.S.-based companies, iGenius and International Markets Live, concluding that both operated prohibited pyramid-type incentive schemes.
The Korea Financial Intelligence Unit (Korea Financial Intelligence Unit) recently held the first meeting of a new taskforce tasked with revisiting the Act on Reporting and Using Specified Financial Transaction Information. While the meeting itself was procedural, the mandate behind it is anything but. The taskforce is meant to modernize Korea’s AML framework, sharpen responses to cross-border crime and large-scale financial fraud, and prepare the ground for South Korea’s next mutual evaluation by the Financial Action Task Force in 2028.
The European Banking Authority has quietly but meaningfully updated the rulebook that governs how EU supervisors share sensitive information with their counterparts outside the bloc. In revised Guidelines published on December 22, 2025, the EBA strengthened its framework for assessing whether third-country confidentiality and professional secrecy regimes meet EU standards, an essential precondition for effective cross-border supervisory cooperation.
The Federal Trade Commission is sending a message to companies that play fast and loose with online reviews. FTC staff issued warning letters to 10 companies, flagging potential violations of the agency’s relatively new Consumer Review Rule, which targets fake, misleading, and manipulated product reviews.