The White House on Thursday signaled a big shift in how the federal government plans to pursue large-scale fraud, announcing that the administration of Donald J. Trump is moving to establish a new Department of Justice division dedicated to national fraud enforcement.
The European Commission has published a detailed snapshot of how stakeholders are responding to the ongoing review of the Digital Markets Act (DMA), offering an early sense of where Europe’s landmark digital competition rule is landing and where pressure is already building for change.
The U.S. Department of Labor is giving benefit plan administrators more breathing room to fix past reporting missteps, expanding a long-running self-correction program to cover missed annual filings by Multiple Employer Welfare Arrangements.
Dutch financial supervisors are pressing market participants to look closely at new reporting expectations under the revised European Market Infrastructure Regulation, following fresh clarification from Europe’s securities watchdog.
Hong Kong’s securities regulator has fined Saxo Capital Markets $510,000 (HK$4 million) after finding that the firm allowed retail investors to trade complex virtual asset-related products that should have been restricted to professional investors.
Teledyne has agreed to pay $1.5 million to resolve allegations that it supplied the U.S. military with aircraft components that failed to meet contract requirements, according to the Justice Department.
Italy’s antitrust authority has drawn a hard line under what it describes as one of the most serious competition law breaches ever uncovered in the country’s industrial sector, fining 16 iron foundries and their trade association, Assofond, a combined €70 million for running a covert price-coordination scheme that spanned two decades.