Compliance & Ethics

Germany's financial regulator BaFin has imposed a €9.2 million fine on digital bank N26 for systematic delays in reporting suspected money laundering cases in 2022.

Cape Cod Hospital in Hyannis, Massachusetts has agreed to pay $24.3 million to resolve allegations that it violated the False Claims Act by knowingly submitting claims to Medicare for certain cardiac procedures that failed to meet federal requirements.

The U.S. Department of the Treasury today issued its 2024 National Strategy for Combating Terrorist and Other Illicit Financing, outlining the government's priorities to disrupt money laundering, terrorist financing, and other financial crimes.

The U.S. Treasury Department has imposed sanctions on two Russian individuals and three Russia-based entities accused of facilitating unlawful weapons shipments between North Korea and Russia, further escalating sanctions risks for companies amid the war in Ukraine.

Google has been hit with a significant fine by Turkey's Competition Authority for failing to fully implement remedies ordered last year to restore competition in local search services and accommodation price comparison platforms.

Staten Island, NY-based brokerage firm Arive Capital Markets has been censured and fined $300,000 by the Financial Industry Regulatory Authority (FINRA) for systemic supervisory failures related to excessive trading and telemarketing violations.

The Federal Trade Commission's fiscal year 2023 annual report released this week provides an in-depth look at the agency's aggressive enforcement efforts over the past year to protect consumers and crack down on anti-competitive conduct.