Aetna has agreed to pay $117.7 million to resolve allegations that it improperly inflated payments from the federal government by submitting inaccurate diagnosis codes for certain Medicare Advantage enrollees, the U.S. Department of Justice announced Wednesday.
Athletic apparel retailer Lululemon has paid a $455,000 (AUD $702,900) penalty after Australian regulators found the company sent hundreds of thousands of emails containing marketing content without providing recipients with a way to unsubscribe.
The Singapore Police Force and the Monetary Authority of Singapore said they recently conducted a joint enforcement operations against Capital Asia Investments, a firm licensed to provide capital markets services in the city-state. The operation resulted in the arrest of two company directors and the seizure of more than $119 million USD (over S$160 million) held in the firm’s bank and securities accounts.
The Australian Securities and Investments Commission announced Tuesday that it has withdrawn two regulatory guides and made technical updates to two others as part of a broader effort to streamline its body of regulatory guidance for industry.
The world’s largest technology platforms have submitted updated reports to the European Commission outlining how they are complying with the European Union’s Digital Markets Act, the regulation designed to curb the market power of dominant digital platforms.
Spain’s National Commission for Markets and Competition (CNMC) has launched an investigation into potential anti-competitive conduct within the country’s insurance sector, examining whether insurers and insurance brokers may have coordinated aspects of claims handling and market practices.
Poland’s competition and consumer protection authority says years of enforcement against misleading country-of-origin labels on fruit and vegetables are beginning to pay off, with follow-up inspections now showing that irregularities in grocery stores have dropped to negligible levels.