Moog Inc., a New York-based global manufacturer of motion control systems, has agreed to pay $1.7 million to settle charges brought by the Securities and Exchange Commission (SEC) for violations of the Foreign Corrupt Practices Act (FCPA). The charges stem from a bribery scheme involving the company's wholly owned Indian subsidiary, Moog Motion Controls Private Limited.
Citadel Securities LLC, a major market maker headquartered in Miami, Florida, has agreed to pay a $1 million fine to the Financial Industry Regulatory Authority (FINRA) for failing to comply with Consolidated Audit Trail (CAT) reporting requirements. The settlement, announced on [insert date], comes after a FINRA investigation revealed extensive reporting failures spanning over four years.
Teva Pharmaceuticals USA Inc. and Teva Neuroscience Inc. have agreed to pay $450 million to resolve allegations of kickback schemes and price fixing. The settlement, announced Thursday by the U.S. Department of Justice, addresses violations of the Anti-Kickback Statute (AKS) and the False Claims Act (FCA), marking a major victory in the government's ongoing efforts to combat healthcare fraud.
In an unprecedented enforcement action that marks a watershed moment in compliance and regulatory enforcement, TD Bank has pleaded guilty to multiple felonies and agreed to pay $1.8 billion in criminal penalties, with total penalties reaching approximately $3 billion when combined with civil enforcement actions. The resolution represents not only the largest penalty ever imposed under the Bank Secrecy Act but also introduces a novel enforcement approach: the first-ever daily fine against a bank for persistent compliance failures.
The Securities and Exchange Commission has awarded $12 million to three individuals whose cooperation proved instrumental in a major enforcement action. The substantial reward underscores a shifting landscape where internal witnesses increasingly shape Wall Street oversight.
Britain's financial watchdog has imposed a £10.9 million fine on TSB Bank plc, underscoring the regulator's growing intolerance of inadequate customer protection measures in the banking sector. The penalty comes after a comprehensive investigation revealed persistent failures in the bank's treatment of customers facing financial hardship.
Singapore's Inter-Ministerial Committee (IMC) recently announced a sweeping overhaul of the nation's anti-money laundering framework, introducing far-reaching measures designed to strengthen the city-state's defenses against financial crimes while preserving its status as a leading global financial center.