New rules, enforcement actions, compliance
5 stories
Australian lawmakers are moving to outlaw the import of 'spliced' Russian oil, closing a regulatory loophole that allows blended fuel to bypass existing sanctions. The push for 'blood oil' legislation aims to enforce stricter provenance tracking and eliminate the indirect financing of the Russian military through third-party refineries.
A coalition of Australia’s primary integrity agencies is demanding a fundamental overhaul of the federal budget process, arguing that executive control over their funding compromises their independence. The watchdogs are calling for a shift to parliamentary-led funding models to eliminate the 'secrecy' currently surrounding resource allocation for anti-corruption and audit bodies.
Hecla Mining reported a significant Q4 profit surge driven by increased production, while EU regulators initiated a probe into X over explicit AI-generated content. Concurrently, Netflix's strategic waiver for Warner Bros. Discovery signals potential shifts in media sector consolidation.
Senator Bernie Sanders and Governor Gavin Newsom have clashed over a proposed wealth tax targeting California’s 180+ billionaires. The dispute highlights a growing tension between progressive fiscal policy and the legal complexities of taxing unrealized assets in a volatile economy.
Billionaire Les Wexner, founder of L Brands, has been called for a congressional deposition regarding his decades-long ties to Jeffrey Epstein. The move signals an escalation in federal efforts to investigate the financial structures and institutional oversight that allowed Epstein's operations to persist.