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ftc legal

News Brief

FTC ends appeal over noncompete ban but seeks public input

2025-09-10T14:03:00+01:00By

The FTC officially withdrew its appeal in a federal court case over its ban on employer noncompete clauses that it passed last year. The agency, however, says it wants public input regarding the effects of employer noncompete agreements.

Google

Article

Google hit with $425.6 million verdict in California privacy case

2025-09-09T21:29:00+01:00By

Google allegedly collected personal data from mobile devices without permission, violating California privacy laws, a jury ruled in awarding more than $425.6 million to class-action plaintiffs.

treasury dept

News Brief

Freight forwarder fined $1.6M after using OFAC-blocked Venezuelan, Iranian carriers

2025-09-09T16:51:00+01:00By

A Houston-based freight forwarder, Fracht FWO Inc., will pay $1.6 million for violating U.S. sanctions tied to Venezuela and Iran, according to the Treasury Department’s Office of Foreign Assets Control (OFAC). The fine comes as OFAC ramps up enforcement in recent months.

insurance risk

Premium

Navigating top risks in the insurance industry

2025-09-08T16:49:00+01:00By

Cyber threats, climate-related catastrophes, and disruptive technologies remain top risks reshaping the U.S. insurance industry. The question is how chief risk officers at the nation’s largest insurers are confronting them.

CFTC

Article

CFTC clears deck of ‘compliance’ enforcement actions to focus on fraud

2025-09-08T14:27:00+01:00By

BNY, Citigroup, Santander, UBS, and two other financial institutions paid a total of $8.3M to settle separate compliance violations with the CFTC.

HHS building

News Brief

Hospitals, health IT face HHS crackdown for blocking electronic records

2025-09-05T18:42:00+01:00By

The Department of Health and Human Services is stepping up its enforcement against hospitals and other health entities that block the sharing of electronic health records.

digital wallet

Article

Digital wallets should speed up compliance, but companies must focus on trust and security

2025-09-04T18:49:00+01:00By

The EU has one, the U.K. is getting one, many U.S. states are working with Google and Apple to provide one, and now industry sectors are developing their own digital wallet.

ponzi

News Brief

DOJ, SEC charge owner of Pennsylvania companies of running $770M Ponzi scheme

2025-09-04T17:31:00+01:00By

The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.

Disney

Article

Disney hit with $10M FTC fine for allegedly collecting children’s data

2025-09-03T17:43:00+01:00By

The Federal Trade Commission (FTC) proposed an enforcement action against Disney for allegedly collecting personal information about children, and then threw salt in the wound by calling the company out in an alert emailed to an untold number of businesses.

aml

Opinion

Why audit won’t save your anti-money laundering (AML) program

2025-08-29T20:52:00+01:00By Brett Erickson, guest contributor

In financial institutions across the United States, there’s a reflex that’s become almost ritual.

China money

Article

Chinese money-laundering networks moved $312B in dirty money through the U.S.

2025-08-29T19:55:00+01:00By

Suspicious activity reports filed by U.S. financial institutions show that Mexican drug cartels and human traffickers are laundering dirty funds through Chinese money laundering networks (CMLNs) operating in the United States, according to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN).

Federal Reserve

News Brief

Federal Reserve Governor sues Trump over attempted removal

2025-08-28T21:06:00+01:00By

President Donald Trump announced he would fire Federal Reserve Governor Lisa Cook on Monday. On Thursday, Cook filed a lawsuit claiming Trump cannot remove her from office and is violating federal law.

Mexico

News Brief

FinCEN again delays U.S. ban on three Mexican financial institutions

2025-08-28T20:40:00+01:00By

The order barring three Mexican financial institutions from doing business with U.S. financial institutions has been delayed until October.

DOJ dark

Article

Trump tries alternative approach on California air standards agency by alleging anti-white bias

2025-08-28T18:44:00+01:00By

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.

genius act

Opinion

The GENIUS Act: A new era for U.S. crypto regulation

2025-08-27T20:12:00+01:00By CW Advisory Board member Rezaul Karim

For years, stablecoin regulation was stuck in an uncertain legal gray zone with no clear rules until the GENIUS Act arrived as a turning point. For the first time, a concrete federal framework has drawn a line by requiring reserves to be held, demanding transparency, and putting consumer protections front ...

Judge Margaret A. Ryan

Basic Page

SEC taps military judge as Enforcement Division Director

2025-08-27T19:46:00+01:00By

The SEC has named Margaret “Meg” Ryan, a senior military judge and Harvard Law lecturer, as its next Enforcement Division Director—an unconventional pick that could signal changes in enforcement strategy.

cfpb

Article

CFPB makes move to stake a claim against bankrupt Synapse, the fintech software company

2025-08-27T14:11:00+01:00By and

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.

JPMorgan Chase

Article

JPMorgan Chase pays $330M to settle Malaysian fund allegations

2025-08-25T20:49:00+01:00By

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.

Crypto coins

Article

OCC lifts AML consent order on Anchorage Digital

2025-08-25T18:24:00+01:00By

Crypto platform Anchorage Digital has been freed of a consent order originally issued by the Treasury Department for anti-money laundering failures.

DOJ building

News Brief

DOJ charges California fintech executives in $248M fraud involving falsified documents

2025-08-25T15:51:00+01:00By

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.

California flag

Article

California privacy regulator unveils new cyber, risk, and automation rules

2025-08-22T19:05:00+01:00By

Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.

ftc legal

News Brief

FTC complaint accuses LA Fitness parent companies of blocking easy membership exits

2025-08-21T18:58:00+01:00By

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.

CVS

Article

Judge orders CVS to pay nearly $290M for Medicare false claims

2025-08-20T21:22:00+01:00By

CVS’s Caremark division knowingly overcharged Medicare for prescription drugs and must pay nearly $290 million, a Pennsylvania federal judge has ordered.

California flag

Basic Page

DOJ, EPA take legal action against the California Air Resources Board

2025-08-18T17:44:00+01:00By

The U.S. Department of Justice has filed two lawsuits against the California Air Resources Board, claiming it no longer has the legal right to enforce strict emissions rules for heavy-duty trucks.

ponzi

News Brief

SEC charges duo in $275 million water vending machine Ponzi scheme

2025-08-18T14:12:00+01:00By

The owner of a water machine vending company and a portfolio manager were allegedly behind a Ponzi-like scheme that raised more than $275 million, according to the U.S. Securities and Exchange Commission.

FINRA

Basic Page

‘Extraordinary cooperation’ pays off for PFS Investments

2025-08-15T18:59:00+01:00By

As regulators shift toward rewarding transparency, self-regulation and self-reporting, the way PFS Investments handled a longstanding problem serves as an example of how proactive remediation can turn a costly compliance error into a manageable regulatory outcome.

Bribery

Article

DOJ charges Texas businessmen in alleged bribery scheme over PEMEX oil contracts

2025-08-15T18:26:00+01:00By

The Department of Justice says two Mexican businessmen living in Texas allegedly bribed Mexican officials to secure $2.5 million in contracts with Petróleos Mexicanos, Mexico’s state-owned oil company, and a subsidiary.

dating_apps_web

Article

Match.com agrees to pay $14 million in FTC settlement over subscription practices

2025-08-14T18:07:00+01:00By

Match.com, the online dating site, will pay $14 million and make changes to its membership terms to settle allegations that it made cancellations difficult and made misrepresentations to members, the Federal Trade Commission said Tuesday.

import tariffs

Premium

Compliance in the spotlight as tariffs, sanctions turn into geopolitical weapons

2025-08-14T15:13:00+01:00By

Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.

EPA building

News Brief

EPA relaunches online portal for thousands of environmental guidance documents

2025-08-13T19:45:00+01:00By

The U.S. Environmental Protection Agency reopened its guidance portal on Wednesday. This online portal is a searchable database of EPA guidance documents, first created during President Donald Trump’s first term and shuttered under the Biden administration.

Crypto coins

News Brief

Nine regulatory initiatives under SEC’s “Project Crypto” aim to redefine crypto market rules

2025-08-13T18:00:00+01:00By

Securities and Exchange Commission Chairman Paul Atkins has launched “Project Crypto,” a major regulatory overhaul aimed at shifting the agency from enforcement to innovation. Atkins’ address outlined as many as nine Commission-wide initiatives to revamp the SEC’s rulebook for the digital finance era.

Cybersecurity

Article

Ransomware gang BlackSuit hit with major takedown after targeting 450 U.S. victims

2025-08-12T21:56:00+01:00By

The BlackSuit ransomware organization has taken a major hit under a U.S.-led, global law enforcement operation that seized the criminal group’s servers and assets, the Department of Justice said Monday.

DOJ

News Brief

DOJ declines to prosecute Liberty Mutual in $4.7M FCPA bribery case

2025-08-12T20:48:00+01:00By

Liberty Mutual agreed to give up $4.7 million in profit – the amount it earned from a bribery scheme uncovered by the government  – as part of a settlement related to the Foreign Corrupt Practices Act, according to a letter from the U.S. Department of Justice.

DOJ building

Article

Nation’s largest apartment manager agrees to end use of RealPage algorithm

2025-08-11T20:24:00+01:00By

Greystar Management, the largest apartment manager in the U.S., has agreed to halt its use of a certain algorithm program to set prices under a Department of Justice proposed settlement aimed at ending the company’s alleged rental price fixing.

Legal services

Article

Fraud, money laundering, and sanctions prompt global regulators to increase scrutiny of law firms

2025-08-11T20:10:00+01:00By

Legal firms face growing global regulatory pressure, requiring compliance managers to focus on integrated systems, identity verification, and staff training to prevent crime and penalties.

Trump

News Brief

New federal memo signals elevated risk to colleges engaging in DEI activity

2025-08-11T14:01:00+01:00By

A new memorandum from President Trump directs increased federal scrutiny of race- and sex-based admissions practices at colleges and universities, however, its implications extend beyond higher education.

Whistleblower

News Brief

More federal whistleblowers come forward amid government layoffs

2025-08-11T13:57:00+01:00By

As the Trump administration continues to reduce the number of workers at multiple federal agencies, there has been a record number of whistleblowers coming forward.

Health data

Article

FTC secures $145 Million in settlements over misleading health insurance sales and data practices

2025-08-08T21:06:00+01:00By

Two major health insurance brokers will pay a combined $145 million to resolve Federal Trade Commission allegations that they misled millions of consumers and mishandled personal data, the agency announced Thursday.

Cryptocurrency wallet

Article

Operators of crypto platform plead guilty to enabling money laundering

2025-08-07T19:38:00+01:00By

The owners of cryptocurrency mixing service Samourai Wallet pleaded guilty to transmitting more than $200 million in criminal transactions, according to the Department of Justice.

ConsumerPrivacyTop

Basic Page

NJ manufacturer fined by CPSC for failing to report deadly defect in its air conditioners

2025-08-06T20:18:00+01:00By

A delayed product hazard report cost one company criminal and civil penalties—and a mother her life. This case shows why timely reporting and executive accountability are non-negotiable for compliance teams.

Money laundering

Article

FinCEN delays AML rules for realtors and investment advisors until 2028

2025-08-06T14:00:00+01:00By

The Treasury Department’s Financial Crimes Enforcement Network is delaying an upcoming requirement that investment advisors and realtors begin screening clients for money laundering and other illegal activity.

cfpb

News Brief

CFPB could run out of money by fall, report says

2025-08-06T14:00:00+01:00By

The Trump administration declawed the Consumer Financial Protection Bureau from the very beginning of his second term. It now appears the agency might be running out of money.

Mexico

Premium

Thanks to 'laser focus' on cartels, Trump admin creates new corporate risks in Mexico

2025-08-06T14:00:00+01:00By

The Trump administration’s designation of Mexican cartels as terrorist organizations in February has made doing business in Mexico riskier than ever before for corporations.

China money

Article

DOJ, SEC end Investigations of GE HealthCare for possible FCPA violations in China

2025-08-05T16:23:00+01:00By

The Securities and Exchange Commission and Department of Justice ended a seven-year review of GE HealthCare Technologies’ China unit for possible violations of the Foreign Corrupt Practices Act.

Coronavirus fraud

Article

New York lab CEO allegedly billed insurers for $500M in fraudulent COVID test claims

2025-08-04T18:13:00+01:00By

The U.S. Department of Justice says the chief executive and medical director of Fast Lab Technologies allegedly engaged in a $500 million fraud scheme involving COVID-19 tests.

Cryptocurrency wallet

News Brief

SEC’s Crypto Task Force hits the road with nationwide roundtables

2025-08-01T22:31:00+01:00By

The Securities and Exchange Commission is taking its pro-crypto messaging on the road, planning a series of events for its Crypto Task Force that will be held across the U.S. starting on Aug. 4.

DEI

Basic Page

DOJ warns against using proxies for DEI in federally funded programs

2025-08-01T20:07:00+01:00By

The DOJ is warning that simply scrubbing DEI-related words from policy documents or training materials—and replacing them with thinly veiled proxies—will not protect federally funded organizations from legal scrutiny.

fca.jpeg.crdownload

Article

U.K. proposes streamlining regime meant to hold fin serve executives to account

2025-07-31T20:37:00+01:00By

When growth slows, governments often cut rules to attract investment, as the U.K. has in its financial services sector, which contributes 8.8% of GDP, but easing the “compliance burden” raises concerns about oversight, governance, and prioritizing profits over safety.

Treasury Department

Article

OFAC cracks down on Iran’s oil trade with new sanctions sweep

2025-07-31T18:47:00+01:00By

More than 50 people and 50 ships connected to a top Iranian official were added to the U.S. Treasury’s sanctions list on Wednesday, according to the Office of Foreign Assets Control.

Temu_Web

Article

Kentucky is latest state to file suit against Temu for alleged privacy violations

2025-07-31T16:44:00+01:00By

Kentucky took aim at Chinese company Temu, alleging in a lawsuit that it counterfeited popular Kentucky-designed merchandise and violated customers’ privacy.