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department of justice

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Assessing the impact of the DOJ’s monitorship policy six months in

2025-10-23T20:36:00+01:00By

It has been nearly six months now since the Department of Justice’s (DOJ) Criminal Division released its memorandum on the selection of compliance monitors. This article provides a critical analysis of the monitorships that received early terminations, those that remain in place, and the broader compliance lessons they impart.

binance

News Brief

Binance’s Changpeng Zhao receives presidential pardon from Trump

2025-10-23T20:07:00+01:00By

The founder of crypto exchange Binance, Changpeng Zhao, received a pardon from President Donald Trump. This pardon comes almost two years after Zhao signed a plea agreement and was sentenced to a four-month prison sentence.

Wells Fargo NY

Article

OCC drops $10M fine against former Wells Fargo risk officer fingered in “fake accounts” scandal

2025-10-23T18:57:00+01:00By

A former Wells Fargo risk officer previously ordered to pay $10 million by the Department of the Treasury’s Office of the Comptroller of the Currency (OCC) for her alleged role in the bank’s “fake accounts” scandal is completely off the hook, according to an OCC consent order issued Tuesday.

New York Capitol

Article

NYDFS to firms: apply cybersecurity rules to third-parties

2025-10-22T18:22:00+01:00By

The New York State Department of Financial Services (NYDFS) wants financial firms to step up their game when it comes to third parties and cybersecurity.

world map

Article

Extra-territorial rules: How to navigate global compliance complexity

2025-10-21T18:18:00+01:00By

Sanctions, tariffs, economic crime, big tech, data privacy, and environmental laws are expanding global compliance risks. Tougher penalties now reach deep into supply chains, making even small suppliers accountable to customers or regulators.

New York cyber-security

Article

NY auto insurers on the hook for $19M for cybersecurity violations

2025-10-21T18:11:00+01:00By

Eight auto insurers failed to meet the requirements of New York’s cybersecurity regulations during widespread online attacks in 2021 and will pay $19 million under consent orders with the New York State Department of Financial Services (NYDFS).

DOJ

News Brief

Smartmatic faces DOJ charges amid allegations of election contract bribes

2025-10-20T18:07:00+01:00By

Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.

Car lease

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Soaring costs of car loan compensation in U.K. highlight global risks from poor sales practices

2025-10-20T17:29:00+01:00By

U.K. motor finance companies are preparing to pay billions in compensation after a Supreme Court ruling found they sold unfair car loans over many years, failing to disclose key information and denying consumers the chance to compare deals or negotiate.

SEC

News Brief

SEC reportedly investigating MassMutual’s accounting amid ongoing government shutdown

2025-10-17T21:09:00+01:00By

Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.

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U.S. targets southeast Asian “pig butchering”, human trafficking, forced labor empire

2025-10-17T16:12:00+01:00By

This week, U.S. authorities took coordinated action against Cambodian multinational conglomerate Prince Holding Group and its 37-year-old founder Chen Zhi, who is accused of running forced-labor camps in Cambodia where captives were forced to conduct pig butchering scams that defrauded U.S. and global victims out of billions of dollars.

Technology

News Brief

Nasdaq: A majority of financial firms plan to use AI in compliance this year

2025-10-16T17:53:00+01:00By

About 36 percent of financial firms are using artificial intelligence in compliance, and most firms intend to ramp up their reliance on AI in compliance in the next 12 months, according to a new survey by Nasdaq.

fda

Article

Navigating HHS and FDA’s overhaul of the food and beverage industry

2025-10-15T19:43:00+01:00By

Under the Trump administration, the Department of Health and Human Services and the Food and Drug Administration have been hellbent on eliminating synthetic food dyes from food and beverage products, forcing a jarring and costly overhaul with cascading impacts on the operations of the entire industry.

FRC_web

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U.K. financial regulator looks to streamline audit enforcement procedures

2025-10-15T19:16:00+01:00By

Auditors are supposed to keep businesses honest, but how much regulation is the optimum for the auditors – and how onerous and punitive should the enforcement regime be? A new consultation by the U.K. regulator, the Financial Reporting Council, opened on Oct. 1 and has put the vexed question of ...

Whistleblower vector

Article

Employee faith in whistleblowing programs wanes when companies act selectively

2025-10-09T19:14:00+01:00By

Whistleblowing hotlines are rightly championed as valuable tools for employees and even third parties to raise concerns about corporate conduct. But it seems some complaints may be acted upon more keenly than others, particularly if blame can be pinned to one individual and any potential fallout can be ring-fenced.

food industry

Article

How food and beverage companies adjust to the throes of tariff woes

2025-10-09T18:11:00+01:00By

On-again-off-again tariffs, a down economy, and a long list of global supply chain disruptions are challenging U.S. food and beverage companies to adjust their supply chain operations in a variety of ways.

JPMorgan headquarters

Article

Former startup CEO gets 7 years in prison for $175M fraud against JPMorgan Chase

2025-10-08T18:28:00+01:00By

Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.

audit ai

Article

PCAOB’s Christina Ho: How emerging technologies could improve audit quality

2025-10-07T20:32:00+01:00By

Emerging technologies, like artificial intelligence (AI) and advanced data analytics, can improve audit quality in significant ways. As the regulatory overseer of public-company audits, the Public Company Accounting Oversight Board (PCAOB) has a critical role to play by ensuring that its audit standards evolve as the audit profession evolves.

US whistleblower

Article

Georgia Tech to pay $875,000 for allegations brought by compliance officers

2025-10-07T16:08:00+01:00By

Georgia Tech Research Corp. (GTRC) has agreed to pay $875,000 to settle allegations first raised by two compliance officers that its cybersecurity protocols violated acceptable standards for defense contractors, the Department of Justice (DOJ) said.

California flag

Article

Tractor Supply Company hit with $1.35M fine for alleged California privacy violations

2025-10-06T17:12:00+01:00By

Tractor Supply Company has agreed to get into compliance with California’s consumer privacy law and to pay a $1.35 million fine—the largest yet by California—to settle allegations it violated the privacy rights of customers and job applicants.

Commerce Department

News Brief

LuminUltra fined $685K by BIS for illegal shipment to Iran

2025-10-06T16:46:00+01:00By

A single $33,000 shipment to Iran triggered a six-figure penalty and years of compliance oversight for biotechnology company LuminUltra Technologies, Inc.

Health data

Article

DOJ is ramping up, not ramping down, health care fraud enforcement

2025-10-03T21:24:00+01:00By

While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.

FTC

News Brief

FTC secures $5.7M settlement after business data provider repeatedly broke compliance order

2025-10-02T16:32:00+01:00By

The Federal Trade Commission (FTC) accused business credit reporting company Dun & Bradstreet of failing to comply with the commission’s 2022 order.

CFPB

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CFPB Ends Oversight of Washington Federal and Planet Home Lending

2025-10-02T15:22:00+01:00By

The Consumer Financial Protection Bureau (CFPB) terminated two consent orders with mortgage lenders in September as the agency’s enforcement power shrinks under Trump-era cuts.

retailer

Article

Retailers face new compliance pressures from tariffs, sanctions, fraud and cybercrime

2025-09-30T20:04:00+01:00By

Regulators are pressuring retail compliance teams on supply chains, shifting sanctions and tariffs, sustainability, and digital commerce. Rising cyberattacks heighten data security concerns, while large retailers push legal and commercial requirements down their supply chains.

ESG concept

Article

Compliance should prepare for more ESG reporting as global pressure rises

2025-09-29T20:59:00+01:00By

Most major organizations are not changing their ESG reporting plans, despite “regulatory ambiguity”, according to a report by consultancy KPMG. The researchers say this indicates market expectations are driving action as much as legal requirements.

Casino

Article

FinCEN seeks to lighten the regulatory load on casinos

2025-09-29T19:09:00+01:00By

Regulatory relief from anti-money laundering rules is in the cards for casinos, insurance companies and other non-bank financial institutions, the U.S. Treasury Department’s Treasury’s Financial Crimes Enforcement Network (FinCEN) said Monday.

mining

Article

Geopolitical risks among compliance concerns for metals, mining companies

2025-09-26T19:30:00+01:00By

Companies working in the metals and mining sectors face increased compliance checks due to efforts to clamp down on abuses in the supply chain, while “volatile” geopolitical changes make sourcing and transporting raw materials more difficult and expensive.

Amazon building

News Brief

Amazon to pay $2.5 billion in FTC settlement over 'deceptive' Prime sign-ups

2025-09-26T19:28:00+01:00By

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.

FTC

News Brief

Supreme Court allows Trump to remove FTC commissioner ahead of final ruling

2025-09-23T20:42:00+01:00By

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.

Puerto Rico banking

Article

Board chair of Puerto Rico bank helped its collapse by siphoning millions

2025-09-23T18:06:00+01:00By

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.

DOJ

Article

Prosecutions of bribery, health fraud and market tampering are DOJ top priorities

2025-09-22T20:40:00+01:00By

Serious bribery, health care fraud and crimes that threaten U.S. investors are top enforcement priorities of the Trump Department of Justice, (DOJ), according to the acting head of the Department of Justice’s Criminal Division.

Bank of America

News Brief

Bank of America Securities avoids prosecution over market manipulation case

2025-09-19T19:32:00+01:00By

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.

AdobeStock_1485628943

Article

More than 100 ‘anticompetitive’ federal regulations poised for the chopping block

2025-09-18T18:28:00+01:00By

About 125 federal regulations deemed anticompetitive by President Trump are poised for possible elimination, following recommendations delivered Wednesday to the Office of Management and Budget (OMB).

Epstein case study cover 3x2

Podcast

Listen to the radio interview with Compliance Week’s Aly McDevitt on Jeffrey Epstein

2025-09-18T18:21:00+01:00By CW Staff

Jeffrey Epstein’s finances are back in the spotlight with new reports this month, but Compliance Week published an in-depth investigation into the anti-money laundering compliance angle of the story 18 months ago. Compliance Week’s Aly McDevitt went on WBAI Monday to discuss her investigation

Florida Capitol

Article

Florida seafood exec faces 10 years for crab claw price fixing

2025-09-17T17:20:00+01:00By

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.

Bribery

Article

Former U.S. clothing business CEO faces 25 years for bribery in Honduras

2025-09-16T20:11:00+01:00By

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.

SEC building

Basic Page

Trump wants SEC to toss quarterly reporting requirement

2025-09-15T20:00:00+01:00By

President Donald Trump is pushing for a shake-up in corporate reporting rules, calling on companies to file earnings with the SEC only twice a year instead of every quarter.

FTC

News Brief

FTC orders AI firms to disclose safeguards for children and teens

2025-09-12T21:33:00+01:00By

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.

Uber

News Brief

DOJ sues Uber over alleged discrimination against disabled riders

2025-09-12T19:40:00+01:00By

The DOJ sued Uber Thursday, alleging it violated the Americans with Disabilities Act (ADA) by denying people with disabilities equal access to its services.

Privacy data access

Article

California, Colorado, and Connecticut launch joint crackdown on privacy violators

2025-09-10T22:24:00+01:00By

California, Colorado, and Connecticut launched a joint enforcement sweep against businesses that fail to honor consumers’ online opt-out requests, the states announced Tuesday.

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.

ftc legal

News Brief

FTC ends appeal over noncompete ban but seeks public input

2025-09-08T05:00:00+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.

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.