The U.K. financial regulator is investigating PayPal, Visa, and Mastercard for suspected anti-competitive practices in the “funding and usage” of PayPal’s digital wallet.
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Posted inData Privacy
ICO lists five steps to help companies protect themselves from AI cyber threats
Companies have long prioritized cybersecurity as a key risk to their operations, but AI’s ability to increase the number, speed, severity, and types of attacks has prompted the U.K.’s regulator to set out five practical steps that organizations can take to strengthen their resilience against AI-powered threats and cyberattacks.
Posted inSurveys & Benchmarking
Salary gender gap alive and well among CCOs
The salaries of women compliance professionals are still well below those of men, Compliance Week’s seventh annual Inside the Mind of the CCO survey shows.
Posted inAccounting & Auditing
Control failures cost U.K. financial firms over $1.35B in five years – and the compliance risks are rising
The U.K.’s financial regulator has issued over £1 billion ($1.35 billion) of fines for regulated firms’ basic internal control failures in the past five years. This accounted for more than half of the total fines issued to financial services firms in the period.
Posted inSanctions
U.S. ramps up penalties to criminal level for those dealing with sanctioned Brazilian groups
Two Brazilian groups, Comando Vermelho and Primeiro Comando da Capital, will be designated as Foreign Terrorist Organizations by the U.S. State Department, beginning today. Any person who knowingly engages in financial transactions with the group risks criminal liability.
Posted inWhistleblowers
KPMG Australia CEO resigns over mishandling of whistleblower allegations
KPMG Australia says that CEO Andrew Yates has resigned, effective immediately, over the mishandling of whistleblower allegations. The board has appointed Stan Stavros as interim CEO of KPMG Australia, while continuing the search for a permanent successor.
Posted inFinancial Services
U.K. slashes FS rules, seeks closer EU regulation ties to boost growth
The U.K. government has announced a raft of legislation that will drastically cut compliance requirements in the financial services sector, as well as aim to bring the United Kingdom more in line with the EU to simplify customs regulations and boost trade.
Posted inSurveys & Benchmarking
CCO/CECO salaries spiked in 2025, according to Inside the Mind survey
Compliance officer salaries spiked in 2025 by between 25 and 35 percent over 2024, according to the results of Compliance Week’s seventh annual Inside the Mind of the CCO survey.
Posted inEurope
EU calls for transparency, governance as rising defense spending attracts fraudsters
Rapidly rising defense spending across EU states is creating new opportunities for
fraudsters. The director of the EU’s anti-fraud agency has warned that states that are
funding rearmament must increase their fraud protections. Companies and investors in the sector should therefore expect more fraud activity and more scrutiny.
Posted inData Privacy
China’s data scrutiny puts financial firms’ day-to-day compliance to the test
China is tightening personal information protections and urging businesses that handle personal data to strengthen compliance. Violations could result in million-dollar fines, depending on the case.
