Eight months after the Trump Administration announced the establishment of a whole-of-government National Fraud Enforcement Division, many in the legal and compliance community are still left speculating about its purpose and scope of enforcement authority.
United States
Posted inRegulatory Enforcement
Honeywell Aerospace pays $2M to settle false claims allegations
Honeywell Aerospace has agreed to pay more than $2 million to settle allegations that the company failed to comply with cybersecurity requirements in a contract with the U.S. Department of Defense, a case first brought by a whistleblower.
Posted inData Privacy
Meta reaches $18B settlement with states over child safety violations
Meta has agreed to pay up to $18 billion and overhaul teen safety features on Facebook and Instagram as part of a settlement with 47 states, the District of Columbia, and U.S. territories.
Posted inRegulatory Policy
Deloitte agrees to pay U.S. government $21.5 million to settle alleged DEI discrimination
Professional services firm Deloitte has agreed to pay the U.S. government $21.5 million to settle a case alleging that the firm’s employment practices were discriminatory.
Posted inRegulatory Enforcement
Enforcement activity over Hart-Scott-Rodino Act violations heating up
The biggest takeaway from the fiscal year 2025 Hart-Scott-Rodino Annual Enforcement report was not the number of merger transactions reported, which has remained steady, but the value of the transactions themselves.
Posted inSanctions
Inconsistent sanctions programs leave compliance struggling, while shadow fleet ships slip beneath the radar
Russian “shadow-fleet” ships are using simple tactics to evade sanctions from the U.S., U.K, and EU.
Posted inTechnology
CFTC invokes emergency authority to keep Kalshi operating amid New York lawsuit
The CFTC invoked its emergency authority to order Kalshi to keep operating, after the company notified the agency of a market emergency triggered by New York’s lawsuit against it.
Posted inRegulatory Enforcement
SFO and U.S. authorities investigate collapsed telecoms firm IMC
The U.K.’s Serious Fraud Office has announced that it has launched an investigation into suspected fraud, false accounting and money laundering at telecoms firm Internet Mobile Communications Limited.
Posted inRegulatory Policy
FTC pares back disparate impact
In a break with decades of policy, the U.S. Federal Trade Commission (FTC) will end disparate impact consideration in almost all cases.
Posted inBanking
Deutsche Bank, Bank of America delayed flagging $420M in Epstein-linked transactions, Senator’s report says
Deutsche Bank and Bank of America took years to report more than $420 million in suspicious transactions connected to Jeffrey Epstein, according to a new report from Sen. Ron Wyden (D-Ore.), ranking member of the Senate Finance Committee.