The Commodity Futures Trading Commission (CFTC) recently announced it awarded over $4.5 million to a whistleblower who provided detailed information in support of an enforcement action.
The USA's consumer watchdog is taking new steps to rein in financial companies that repeatedly violate the law. On Monday, the Consumer Financial Protection Bureau (CFPB) finalized rules to create a public registry of non-bank firms that engage in illegal practices like predatory lending, deceptive fees and other consumer abuses.
The European Union has adopted a sweeping package of new anti-money laundering (AML) rules aimed at better protecting the bloc's financial system from illicit funds and terrorist financing. The stricter regulations will harmonize enforcement across member states and introduce more stringent requirements for certain sectors.
Toronto-Dominion Bank is racing to overhaul its troubled anti-money laundering controls in the United States, but the costly remediation effort could drag into 2025, executives warned during the bank's latest earnings call.
The Financial Industry Regulatory Authority (FINRA) has taken disciplinary action against Thrivent Investment Management Inc. for failing to establish and maintain a supervisory system reasonably designed to detect potential signature forgery or falsification of electronic signatures.
The Autorité des Marchés Financiers (AMF), France's financial markets regulator, published its 2023 Annual Report this week, highlighting the progress made last year in line with its strategic priorities for 2023-2027 and its resolve to stay on track in 2024.
An Asia-focused investment advisory firm and its top executives misled investors about one of the firm's flagship funds and failed to disclose conflicts of interest, according to charges announced today by the Securities and Exchange Commission.