United States

Compliance

Citibank has concluded that educating and training its staff may help it avoid future regulatory and compliance problems.

Meta has fired staff for persistently abusing meal credits.

Appointments

Former SEC Enforcement Director Gurbir Grewal has moved into the private sector, accepting a position at Milbank LLP.

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Canada

Potential new measures have been announced to strengthen enforcement of ban on forced-labor imports.

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China

Economic growth in China at 4.6% is the lowest figure in 18 months and means more stimulus measures on the table.

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EU

Improvements in profitability as a result of rising interest rates mean an environment supportive of possible future bank mergers in Europe.

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International

The International Energy Agency has released its annual World Energy Outlook report suggesting fossil fuel demand is set to peak by 2030, even against the backdrop of geopolitical tension.

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Southeast Asia

A report on the sophisticated and transnational nature of cyberfraud operations run by organized crime in South East Asia illustrates the industrial scale of the challenge.

Vietnam Beverage Company Limited has been fined $860,000 for trading with North Korea through US financial services providers, in violation of OFAC sanctions.

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United Kingdom

Chinese hacking has been ‘systemic’ and may have compromised critical infrastructure (subscription) in the UK.

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