Cigna Announces Settlement With US on Claims it Overcharged Medicare Advantage October 2, 2023 Health insurer Cigna Group says it has reached a settlement with the United States over claims it overcharged the government’s...
Australia Cracks Down on Promoters of Dodgy Tax Schemes After PwC Leak Scandal August 7, 2023 By Lewis Jackson Australia will drastically toughen penalties against promoters of dodgy tax schemes and beef up regulatory powers under reforms announced on...
US Fed Fines Deutsche Bank $186M for Failing to Beef Up Money Laundering Controls July 20, 2023 By Pete Schroeder and Chris Prentice The Federal Reserve said on Wednesday it fined Deutsche Bank and its U.S. affiliates $186 million for failing to sufficiently...
Former VW Executives Ordered to Testify in Investor Lawsuit July 11, 2023 By Karin Matussek A German court will call former Volkswagen AG executives as witnesses in a €9 billion ($9.8 billion) investor lawsuit over...
Ex-Audi Boss Becomes 1st VW Board Member Sentenced for Fraud in Diesel Scandal June 27, 2023 By Jörn Poltz Former Audi boss Rupert Stadler was handed a suspended sentence of one year and nine months by a Munich court...
PwC Australia Asset Sale Unlikely to Repair Firm’s Tarnished Reputation: Experts June 27, 2023 By Lewis Jackson PwC Australia’s sale of its government consulting business may give it temporary respite from a crisis in its tax practice...
Maine AG Fines Moving Company Over Threatening Emails to Negative Reviewers February 1, 2023 A moving and storage company in Maine has agreed to pay a $125,000 fine and refrain from using a misleading...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Credit Suisse Plunged Into Chaos After Chairman Ousted for Breaching COVID Rules January 17, 2022 By Ambereen Choudhury and Patrick Winters The banker tasked with fixing Credit Suisse Group AG was ousted just nine months into the job for breaching COVID...
Australia’s Westpac Bank to Pay $80.6M in Penalties, Admits Charging Dead People November 30, 2021 By Adam Haigh Westpac Banking Corp. agreed to pay A$113 million ($80.6 million) in penalties after the Australian regulator alleged the lender had...