The Securities and Exchange Commission (SEC) pursued fewer enforcement actions in 2025—an intentional outcome, the commission said.
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Posted inUnited Kingdom
U.K. financial regulator and Ombudsman set out modernization plan for consumer redress
Changes to the U.K.’s Financial Ombudsman Service, which enables consumers to pursue financial services firms for compensation for unfair treatment, will place greater weight on firms’ compliance. The changes have been prompted in part by the scandal surrounding poor-value car loans provided via dealers.
Posted inEthics & Culture
Compliance pros Lomax, Kim added to the Compliance Week Advisory Board
Compliance Week has added Dr. Hemma R. Lomax of DocuSign and Boon Kim Fam of PVH Corp to its Advisory Board.
Posted inFinance
CFTC sues states to assert exclusive jurisdiction over prediction markets
The Commodity Futures Trading Commission filed lawsuits against Arizona, Connecticut, and Illinois last week over the jurisdiction of prediction markets, which have gained popularity in the past year.
Posted inRegulatory Policy
New DOJ fraud division means broad realignment of resources and attorneys
A new U.S. Department of Justice division will lead investigations of government fraud, and take over duties—and staff, and funds– currently handled by other DOJ divisions and government agencies, Acting Attorney General Todd Blanche announced.
Posted inFinancial Services
Hong Kong wants to know if your bank has a culture problem
The Hong Kong Monetary Authority’s Bank Culture Reform program is now in its eighth year. The message for compliance teams everywhere is that regulators are moving from prescribing rules to evaluating whether culture actually works.
Posted inFinancial Services
FinCEN proposes overhaul AML rules, would end 2024 risk assessment requirements
A rule overhaul proposed by the U.S. Treasury Department’s Financial Crimes Enforcement Network is designed to reduce compliance burden and would free up banks from tracking all but the most egregious illicit financial activities.
Posted inRegulatory Policy
EU and U.K. asset managers must adapt for T+1 settlement now to start testing in 2027
On Oct. 11, 2027, the EU, U.K., and Switzerland will move to T+1 securities settlement. The date may seem distant, but the challenges are considerable.
Posted inRisk Management
Geopolitical risks and global threats drive emerging national security compliance teams
Geopolitical uncertainty is becoming the defining feature of the decade, and global powers are increasingly using geo-economic power to promote national interest and defend their critical interests. Meanwhile, cross-border threats to critical infrastructure are becoming more varied and powerful. Multinational companies, consultants, and global law firms are responding by setting up dedicated national security teams. […]
Posted inTop Stories
How to prepare for U.K. sustainability reporting rules
The U.K.’s plans to revise how companies report more meaningfully on the impact their operations have on the environment will mean organizations will have to dig for better data to satisfy regulators—even if they decide that compliance with the proposed rules is not appropriate for them under the option of “comply or explain.”