In September, the U.K. will enforce its third “failure to prevent” offense under sweeping anti-corporate crime laws, but experts question whether it will actually change corporate behavior or embolden whistleblowers.
Regulatory Enforcement
Posted inRegulatory Enforcement
Trump tries side attack on California air standards agency by alleging anti-white bias
The Trump administration has intensified its fight with California as the DOJ launched an investigation into whether the state’s environmental agency is violating federal law by pursuing racial equity.
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White Collar Crime Enforcement Trends in Compliance in 2025: A fireside chat with Kenneth A. Polite, Jr.
Join a fireside chat with Kenneth Polite Jr., partner at the law firm Sidley, who served as the Assistant Attorney General for the Criminal Division of the United States Department of Justice (DOJ) from 2021-23.
Posted inRegulatory Enforcement
Bankrupt Synapse fintech software company agrees to let CFPB file claim on behalf of consumers
Synapse Financial Technologies, the troubled California fintech software provider, has agreed to let the Consumer Financial Protection Bureau (CFPB) eventually file a claim on its bankrupt estate.
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Risky Business: Navigating Compliant Innovation Amid Deregulation
The compliance landscape has entered unprecedented territory, characterized by what industry experts describe as “deregulation on top of deregulation” – a dangerous departure from the traditional regulatory cycle that historically provided stability and clear guidance.
Posted inRegulatory Enforcement
JPMorgan Chase pays $330M to settle Malaysian fund allegations
JPMorgan Chase has agreed to pay $330 million to settle allegations about its role in the massive, decades-long theft of Malaysian’s 1MDB state investment fund, the bank says.
An estimated $4.5 billion was robbed from the 1MDB fund, from 2009-2014, in a scheme led by Malaysian financier, Jho Low, former Goldman Sachs managing director Roger Ng, and Tim Leissner, former chairman of Southeast Asia for Goldman Sachs.
Posted inRegulatory Enforcement
OCC says Anchorage Digital has fulfilled its AML compliance obligations
Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.
Posted inRegulatory Enforcement
Using falsified documents, two California executives defrauded investors and lenders of $248M, DOJ says
The co-founders of a California financial tech and sustainability services company defrauded investors and lenders of $248 million, according to the Department of Justice.
Posted inRegulatory Enforcement
FTC complaint accuses LA Fitness parent companies of blocking easy membership exits
The Federal Trade Commission filed a complaint against LA Fitness’ parent companies, citing difficulties canceling memberships, a month after a court blocked the agency’s click-to-cancel rule.
Posted inRegulatory Enforcement
CVS ordered to pay nearly $290M for excessive billing against Medicare
CVS’s Caremark division knowingly overcharged Medicare for prescription drugs and must pay nearly $290 million, a Pennsylvania federal judge has ordered.