China’s chemical compliance landscape is moving into a broader phase. For companies that manufacture, import, distribute, or use chemicals in China, compliance is increasingly about more than substance registration, as recent developments tie registration to hazardous-chemical operations and supply-chain responsibility.
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Posted inRetail
UK competition watchdog fines three companies $8 million for misleading sales claims and obscure pricing
The UK Competition and Markets Authority has fined three well-known businesses, including Wayfair and Appliances Direct, $8 million for using misleading sales tactics.
Posted inAML
UAE expands AML/CFT regime with tougher penalties and wider sector reach
The UAE’s new AML/CFT law adds criminal offenses, harsher penalties, and new compliance duties for firms and individuals.
Posted inAML
UK proposes new cross-regulatory, multi-agency approach to clamp down on money laundering
The UK government has published its anti-money laundering and asset recovery strategy, which sets out a multi-agency, cross-regulatory response to money laundering and criminal asset recovery over the next three years.
Posted inCryptocurrency and Digital Assets
Banks entering crypto must close transaction monitoring gaps, experts say
Although the crypto industry’s legitimization took a hit on Sept. 15 when the CLARITY Act failed to advance in the Senate, the industry still exists, and banks must find ways to remain in regulatory compliance.
Posted inArtificial Intelligence
‘Rogue’ AI raises liability and insurance questions for developers and deployers
Insurance companies anticipate multi-million-dollar claims if AI developers are sued over AI wrongdoing. Recent examples of AI autonomously hacking third-party systems and evading controls have increased concern about liability cases for both developers and deployers.
Posted inWhistleblowers
UK backs SFO proposal to reward whistleblowers to curb economic crimes
The UK has called for feedback on plans to reform its whistleblowing laws so that people who come forward with information that leads to a corporate conviction can be financially rewarded, as in the US.
Posted inBanking
OCC report on ‘debanking’ at nine largest US banks claims reputation risk policies result in denial of services
A report by the Office of the Comptroller of the Currency (OCC) finds that the nine largest US banks it oversees have used reputation risk policies to deny services to businesses and individuals based on social, political, and religious views as well as lawful banking activities.
Posted inArtificial Intelligence
Securing AI systems from cyber threats is a top priority, according to PwC’s Global Digital Trust Insights Survey
Cyber threats against AI systems are a top threat that business and security leaders say they feel least prepared to address, according to PwC’s 2027 Global Digital Trust Insights survey.
Posted inRegulatory Enforcement
BoA pays $1.21B for AML lapses and alleged sanctions violations
The US Treasury Department announced $1.21 billion in penalties against Bank of America for its lapses in anti-money laundering and alleged sanctions violations, and warned that enforcement of AML rules and federal Bank Secrecy Act compliance is a top priority.