Banking & Finance

SEC Administrative Proceeding Against Rimar Capital for Fraud

The SEC has issued a notice of a proposed plan of distribution for funds collected in an administrative proceeding against Rimar Capital USA, Inc., Rimar Capital, LLC, Itai Royi Liptz, and Clifford Todd Boro. The proceeding found fraudulent conduct related to SAFE offerings and misrepresentations about an AI trading platform, resulting in penalties and disgorgement orders.

CT Dept of Banking Administrative Orders Added

The Connecticut Department of Banking has added new administrative orders for Milner Legal Services and Buyers Holdings, LLC. These orders, dated February 25 and February 26 respectively, detail enforcement actions taken by the department against these entities.

Company Tax Returns Consultation

HM Revenue & Customs has launched a consultation on modernising and standardising company tax returns. The consultation seeks feedback on proposed delivery timescales and enforcement mechanisms for prescribed content, format, and data tagging of Corporation Tax computations, as well as mandatory online filing of amendments. The consultation closes on June 2, 2026.

UK Mortgage Lending Statistics Q4 2025

The Bank of England's Q4 2025 Mortgage Lenders and Administrators Statistics show outstanding mortgage loans increased by 0.8% to £1,734.4 billion. Gross mortgage advances decreased by 1.3% to £79.4 billion, while new commitments fell by 11.9%. The share of lending with high LTV and LTI ratios increased.

BaFin Warns Trade Republic Bank Customers of Social Engineering Fraud

Germany's BaFin has issued a warning to customers of Trade Republic Bank regarding social engineering fraud. Scammers are impersonating the bank to trick customers into transferring funds to external accounts or crypto wallets. BaFin advises customers to ignore such requests and contact the bank's official in-app support.

ECB Fines Nordea Finance Finland €2.26 Million for Reporting Breaches

The European Central Bank (ECB) has imposed a €2.26 million penalty on Nordea Finance Finland Ltd for breaching reporting requirements and the large exposures limit over 13 consecutive quarters. The breaches, classified as severe, stemmed from incorrect reporting of guaranteed receivables and deficiencies in internal controls.

FRC Investigation into Accountants' Conduct re Vistry Group Plc

The UK's Financial Reporting Council (FRC) has opened an investigation into the conduct of two individual accountants concerning the financial reporting of Vistry Group Plc's South Division for the 2023 and 2024 financial years. The investigation is being conducted under the Accountancy Scheme.

SEC Obtains Partial Consent Judgments Against Legacy Cares Defendants

The SEC announced partial consent judgments against defendants in a municipal bond offering fraud case. The judgments enjoin the defendants from future securities law violations. This action stems from an alleged scheme involving fabricated documents to inflate revenue projections for a sports complex, leading to bond defaults.

BaFin Warns Consumers About europecapitalmarkets.com

Germany's financial regulator, BaFin, has issued a warning regarding the website europecapitalmarkets.com. The website is suspected of offering banking and/or financial services without the required authorization from BaFin, posing a risk to consumers.

Allianz Global Life Designated Activity Company Address Change

Allianz Global Life Designated Activity Company's German branch has officially changed its business address. The notification, issued by BaFin on March 9, 2026, provides the previous and new addresses in Stuttgart.