Compliance & Ethics

Full Report: 2025 State of Risk & Compliance

NAVEX partnered with The Harris Poll to survey nearly 1,000 risk and compliance professionals globally about their R&C programs. The survey was conducted between April-May 2025, representing professionals from various industries and organization sizes globally

IAG Hit with $11.6 Million Penalty for Widespread Failures

Insurance giant IAG New Zealand Limited has been ordered to pay a pecuniary penalty of $11.6 million (NZD 19.5 million) after admitting to widespread fair dealing breaches, marking one of the most significant enforcement outcomes in New Zealand’s financial services sector.

Telstra Slapped with $11.6 Million Fine After Quietly Downgrading Belong Customers’ Broadband

It turns out broadband speed isn’t just about how fast your Netflix loads, it’s also about trust. Australia’s Federal Court has ordered Telstra to pay $11.6 million (AUD 18 million) after the telecom giant quietly shifted nearly 9,000 Belong customers onto lower upload speed plans without so much as a heads-up.

China Orders S&P’s Ratings Arm to Fix Compliance Gaps Amid Crackdown

Chinese regulators have ordered S&P Global’s mainland credit ratings unit to “rectify” its business practices, marking the latest escalation in Beijing’s ongoing crackdown on the country’s credit ratings industry. The move, reported by the Financial Times, reflects mounting concerns over low fees, inconsistent ratings, and the prevalence of top-tier grades in China’s corporate bond market.

Greystar Agrees to $50 Million Settlement in Rental Price-Fixing Case

Greystar Real Estate Partners, the nation’s largest residential property manager, has agreed to a $50 million settlement to resolve allegations that it conspired with competitors to keep apartment rents artificially high using RealPage’s widely scrutinized pricing software. The settlement, filed in federal court in Nashville, forms the largest share of a wave of preliminary agreements now totaling more than $141 million, according to Reuters.

Velocity Clearing Hit With $1 Million Fine Over Supervisory Failures

Velocity Clearing, LLC has agreed to pay a $1 million penalty and bring in an independent consultant after FINRA uncovered sweeping failures in how the firm monitored for manipulative trading. The New Jersey-based broker-dealer, which has been a FINRA member since 2003, signed a settlement through a Letter of Acceptance, Waiver, and Consent (AWC), avoiding a formal disciplinary hearing.

Tyson Reaches $85 Million Settlement in Pork Price-Fixing Case

Tyson Foods has agreed to pay $85 million to settle claims it conspired with rivals to drive up pork prices, a deal that pushes total consumer recovery past $200 million in one of the largest antitrust cases to hit the U.S. meat industry.