FINTRAC doesn’t want to play the villain in your compliance story. That’s the unmistakable message behind Canada’s financial intelligence agency’s newly updated policy on administrative monetary penalties (AMPs). While penalties are still on the table, some of them quite hefty, the focus is firmly on education, behavioral change, and long-term compliance rather than finger-wagging or financial punishment.
There’s little doubt that regulation in the UK is picking up pace, and compliance professionals aren’t just being asked to keep up. They’re being asked to lead. COMPLY’s 2025 UK Regulatory Rundown, released this July, does what many frazzled in-house teams wish they had time to do: it maps the FCA’s recent and upcoming rules across two whirlwind years of consultation papers, policy statements, and strategic pivots. And it doesn’t just summarize what’s changed. It breaks down why it matters—who’s affected, what’s required, and where firms need to focus now.
The UK Financial Conduct Authority (FCA) has issued decision notices proposing nearly £46 million in penalties against fund manager Neil Woodford and his former firm, Woodford Investment Management (WIM), over serious failings in their management of the now-defunct Woodford Equity Income Fund (WEIF).
UBS has reached a $300 million agreement with the U.S. Department of Justice (DOJ) to resolve one of Credit Suisse’s long-standing legal obligations tied to its pre-financial crisis mortgage practices, the bank announced on Monday.
Two of the fashion world’s biggest names (Giorgio Armani and Shein) have just been pulled off the sustainability pedestal by Italy’s competition watchdog. The Italian Competition Authority (AGCM) has fined both companies for painting an ethical and eco-friendly picture that didn’t quite match reality. The charges? Misleading consumers through glossy green claims and hollow promises on worker protections.
The Prudential Regulation Authority (PRA) has issued a £1,785,000 fine against Barents Reinsurance S.A., London Branch, marking the first time it has sanctioned a reinsurer-only firm for significant internal control, governance, and regulatory reporting failures. The fine underscores the PRA’s heightened expectations for firms operating under the post-Brexit regulatory framework, particularly those falling under the UK’s Temporary Permissions Regime (TPR).
Cadence Design Systems, a California-based multinational semiconductor software firm, has agreed to plead guilty and pay more than $140 million in combined criminal and civil penalties after unlawfully exporting sensitive U.S. design tools to a Chinese military university, U.S. officials announced Monday.