A UK tribunal has backed the Financial Conduct Authority’s findings against Banque Havilland, concluding that the bank and two senior figures deliberately devised a scheme intended to undermine the Qatari economy and then lied to regulators and the court when the plan came to light.
South Korea’s competition watchdog has fined seven ready-mixed concrete manufacturers and sellers for running a coordinated price-fixing and market-allocation scheme that effectively shut down competition in the private construction market in the Gwangyang area.
Italy’s competition authority has opened an investigation into fashion brand Harmont & Blaine, alleging the company may have crossed the line in how it referenced the Milan-Cortina 2026 Olympic and Paralympic Winter Games in its marketing.
Two recent guilty pleas by former employees of TD Bank have drawn renewed attention to the role insider access can play in facilitating financial crime — particularly when combined with weaknesses in transaction monitoring, escalation, and account oversight.
Poland’s consumer protection authority has fined PKO Bank Polski nearly $19.9 million (PLN 79,291,800) after concluding that the bank used contract language that gave it sweeping control over changes to consumer loan interest rates, with little clarity for borrowers on when or why costs could increase. The nearly $19.9 million (PLN 79,291,800) fine reflects both the duration of the practice and the scale of the bank’s consumer business, according to the regulator.
South Korea’s competition regulator has taken enforcement action against BRKorea Co., finding that the company pushed through nationwide promotional campaigns that required franchisees to share costs without first securing the legally required level of approval.
The Dubai Financial Services Authority has fined reinsurance broker Ed Broking (MENA) $455,176 after concluding that the firm engaged in misleading and deceptive conduct across a series of reinsurance placements in the Dubai International Financial Centre.