Cryptocurrency’s transparency can be exploited for laundering, ransomware, and darknet activity. Blockchain analytics helps trace funds and flag suspicious behavior.
Regulatory Enforcement
Posted inRegulatory Enforcement
Amazon to pay $2.5 billion in FTC settlement over ‘deceptive’ Prime sign-ups
Amazon settled a complaint with the U.S. Federal Trade Commission Thursday over allegedly enrolling consumers into its Amazon Prime subscription and making it difficult to cancel. The FTC says the amount of the settlement is one of the biggest in its history.
Posted inRegulatory Enforcement
Australian banks’ record fines for compliance failures highlight role of culture in compliance
Two of the biggest banks in Australia are under fire for major compliance and cultural failings. ANZ and National Australia Bank are facing intense scrutiny over misconduct ranging from mistreating customers to underpaying staff.
Posted inRegulatory Enforcement
Supreme Court allows Trump to remove FTC commissioner ahead of final ruling
The U.S. Supreme Court temporarily allowed President Trump to remove a Federal Trade Commission commissioner without cause on Monday, setting up a final battle over whether he can dismiss commissioners despite congressional rules.
Posted inRegulatory Enforcement
Board chair of Puerto Rico bank helped its collapse by siphoning millions
The board chair of a failed Puerto Rican bank played a key role in its $92 million collapse by robbing it of more than $13.6 million, the Department of Justice said Monday.
Juan Francisco Ramirez, board chair of Nodus International Bank, pleaded guilty to stealing the millions, agreed to forfeiture of at least $13.6 million and faces 20 years in prison.
Provided by
Decoding DOJ’s Recent Guidance on FCPA Enforcement: What Compliance Officers Need to Know in 2025
Join this timely and practical webinar as we break down the DOJ’s latest FCPA guidance and explore what these developments mean for compliance programs in the real world.
Posted inRegulatory Enforcement
Bank of America Securities avoids prosecution over market manipulation case
The DOJ announced Thursday that it has declined to prosecute Bank of America Securities over lapses related to a spoofing scheme conducted by two former employees that went on for almost seven years.
Posted inRegulatory Enforcement
Florida seafood exec faces 10 years for crab claw price fixing
A Florida seafood company executive has pleaded guilty to conspiring with competitors to fix the prices he paid to local fishers, an effort that impacted more than $8 million in wholesale fish and cut the pay of hundreds of fishers, the Department of Justice said.
Posted inRegulatory Enforcement
Former U.S. clothing business CEO convicted of using bribery to win $10M in contracts in Honduras
The former CEO of a Georgia clothing business faces 25 years in prison for bribing Honduran officials to win $10 million in uniform contracts in Honduras, after being caught up in a Department of Justice Anticorruption Task Force.
Posted inRegulatory Enforcement
FTC orders AI firms to disclose safeguards for children and teens
AI chatbots are increasingly used by children and teens, prompting the FTC to order seven AI companies to explain how they monitor potential harms to minors.