The Financial Crimes Enforcement Network (FinCEN) has issued a timely reminder to financial institutions, urging them to maintain vigilance in identifying and reporting suspicious activities linked to environmental crimes.
Germany's financial regulator BaFin has imposed fines totaling €1.45 million on Commerzbank AG for violating anti-money laundering supervisory obligations. The penalties stem from the bank's failure to adequately monitor and prevent employees from breaching anti-money laundering (AML) requirements.
The French data protection authority CNIL has published its annual report for 2023, shedding light on its activities over the past year across its four main missions. The report comes five years after the landmark EU General Data Protection Regulation (GDPR) took effect, marking a pivotal juncture in data privacy enforcement.
The Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced targeted sanctions against multiple individuals and entities involved in Iran's UAV (Unmanned Aerial Vehicle) program, steel industry, and automobile sector.
The Federal Trade Commission (FTC), Justice Department, and the U.S. Department of Health and Human Services (HHS) have jointly launched an online portal for public reporting of potentially anticompetitive practices in the health care sector.
The Office of the Comptroller of the Currency (OCC) has wielded its enforcement arm with vigor in April 2024, issuing a slew of actions against national banks, federal savings associations, and individuals affiliated with these institutions. These measures underscore the OCC's commitment to ensuring the soundness and integrity of the banking sector.
Barclays Capital Inc. faces a significant penalty as the Financial Industry Regulatory Authority (FINRA) fines the firm $700,000 for multiple violations. The sanctions come as a result of a series of alleged rule breaches spanning from January 2016 to March 2022, involving failures in disclosure and supervision.