In the first case of its kind, IBM has agreed to pay the federal government $17 million to settle allegations the company violated the False Claims Act by applying diversity hiring policies in federal contracts.
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Posted inAccounting & Auditing
U.K. audit regulator launches new supervisory model, but wider audit reform questions remain
The U.K. audit regulator has announced a major “evolution” of its audit supervisory model, promising to introduce a more proportionate, effective, and integrated framework.
Posted inCryptocurrency and Digital Assets
Crypto rules may diverge across jurisdictions, but EU’s MiCA likely to prove most attractive
One of the most common ways for a jurisdiction to attract the attention—and investment—of a particular industry is to offer them a regulatory regime that is different and provides enough scope for players in the sector to leverage opportunities for growth.
Posted inCompliance Week
Former CW staff writer Aly McDevitt wins business journalism award
McDevitt’s CW case study on Lafarge wins Regional Gold Medal in the Azbee Awards.
Posted inRegulatory Enforcement
SEC enforcements dropped in 2025
The Securities and Exchange Commission (SEC) pursued fewer enforcement actions in 2025—an intentional outcome, the commission said.
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.
