The UK's Financial Reporting Council (FRC) has fined Deloitte £6.05 million for failures in its audits of Go-Ahead Group, including inadequate scrutiny of two rail subsidiaries that retained more than £30 million in public money owed to the Department for Transport (DfT).
Australia's privacy regulator has opened an investigation into the developer of an application used in inexpensive smart glasses sold through Kmart, Big W Marketplace and Amazon, after the company failed to answer questions about how the devices collect and handle personal information.
A coalition of 43 states and territories has asked a federal court to approve a $400 million settlement with Sandoz and Fougera Pharmaceuticals, two generic drug manufacturers accused of participating in a widespread conspiracy to fix prescription drug prices, divide markets and suppress competition.
Britain's communications regulator has opened an investigation into whether Meta failed to carry out required safety assessments before introducing Instagram Instants, a feature that allows users to share photos and videos that disappear after being viewed.
Hackers used a Chinese-developed artificial intelligence agent to attack some of South Korea’s largest banks and steal personal information belonging to 68,000 people, according to The Wall Street Journal, in an intrusion now under investigation by the country’s national police.
Italy’s competition authority has opened an investigation into Suno, putting the generative AI music company’s Terms of Service under scrutiny over provisions that appear to give the company considerable freedom over its users while sharply limiting what those users can do in return.
Very large sums were arriving without enough being known about where the money had come from. Some transactions carried clear signs of elevated risk. Modulr Finance sometimes investigated them only minimally, and sometimes not at all. Those findings form part of the case that led De Nederlandsche Bank to fine the electronic money institution €722,160 for serious shortcomings in its anti-money laundering controls.
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