Canada’s financial consumer watchdog has shed more light on a long-running fee disclosure breakdown at the Bank of Montreal, saying internal control gaps allowed erroneous charges to persist for more than a decade and affect over 100,000 customers.
Federal prosecutors in Manhattan plan to increase incentives for companies that cooperate in criminal investigations, including offering agreements that allow firms to avoid prosecution, according to remarks delivered Thursday by the U.S. attorney for the Southern District of New York.
After uncovering years of off-channel communications and discovery failures, the Financial Industry Regulatory Authority has fined Benjamin F. Edwards & Co. $750,000 and issued a formal censure, closing a case that traces back to supervisory gaps first exposed more than five years ago. The settlement centers on the firm’s failure to properly supervise, preserve, and review business-related text messages used by its registered representatives. It also addresses the firm’s failure to meet discovery obligations during a contentious FINRA arbitration tied to recruiting disputes.
The European Commission has decided that Apple’s advertising service Apple Ads and its mapping service Apple Maps will not be brought under the scope of the EU’s Digital Markets Act, concluding that neither service currently plays a central role in connecting businesses with consumers across the bloc.
German competition regulators have taken one of their strongest steps yet against Amazon’s marketplace practices, curbing how the company can influence seller pricing and ordering it to hand back an estimated €59 million in gains tied to the conduct.
Italy’s competition watchdog has handed eDreams a €9 million fine after concluding that the online travel platform used manipulative design tactics to push customers into paid subscriptions and then made it unnecessarily hard for them to get out.
The European Union's new Anti-Money Laundering Authority (AMLA) published its Single Programming Document for 2026–2028, the first multi-year plan since the Authority was established. The document sets out how AMLA intends to move from institutional set-up to day-to-day delivery, offering the clearest signal yet of how EU-level AML supervision will take shape in practice.