The Financial Conduct Authority fined the Hong Kong Shanghai Banking Corporation (HSBC) and Marks and Spencer Financial Services plc(HSBC) £6,280,100 for mishandling and mistreating customers who were financially vulnerable.
The Securities and Exchange Commission has fined Intercontinental Exchange Inc. (ICE) $10 million for failing to properly inform regulators about a cybersecurity breach at the company and its subsidiaries, including the New York Stock Exchange.
In a case highlighting risks around computer-driven trading, Citigroup's UK subsidiary was slapped with $68 million in fines by British regulators after a trader's fat-finger error caused over $1.4 billion of equities to be accidentally sold in a matter of minutes.
The Public Company Accounting Oversight Board (PCAOB) announced a settled disciplinary order against audit firm MaloneBailey, LLP for violations of PCAOB rules and quality control standards.
Germany's financial regulator BaFin has imposed a €9.2 million fine on digital bank N26 for systematic delays in reporting suspected money laundering cases in 2022.
Cape Cod Hospital in Hyannis, Massachusetts has agreed to pay $24.3 million to resolve allegations that it violated the False Claims Act by knowingly submitting claims to Medicare for certain cardiac procedures that failed to meet federal requirements.
The U.S. Department of the Treasury today issued its 2024 National Strategy for Combating Terrorist and Other Illicit Financing, outlining the government's priorities to disrupt money laundering, terrorist financing, and other financial crimes.