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DallBogg Life and Health Insurance Prohibition Order in Poland

The Polish Financial Supervision Authority (KNF) issued a prohibition order barring Insurance JSC 'DallBogg: Life and Health' from conducting insurance business in the territory of the Republic of Poland. The enforcement action prohibits the foreign insurer from pursuing insurance activities in the Polish market.

Aquinas Advisors and Laurie Ann McRay Reprimanded for Inspection Evasion

The Texas State Securities Board issued Disciplinary Order IC-26-CAF-01 against investment adviser Aquinas Advisors, LLC and its representative Laurie Ann McRay for repeatedly evading and ignoring routine inspection requests between October 2022 and March 2023, and again in February 2025. The order imposes a public reprimand and requires Respondents to produce outstanding records and retain an independent compliance consultant for three years. Non-compliance with the undertaking triggers consent to revocation of their registrations as investment adviser and representative with the Securities Commissioner.

Clarity Debt Resolution Consent Order - Debt Adjustment

The State of New Hampshire Banking Department issued a consent order against Clarity Debt Resolution, Inc. for charging New Hampshire consumers fees exceeding the statutory 15% maximum permitted under RSA 399-D:16. The Department ordered Clarity to remit $191,460.31 in total restitution to 133 affected consumers and to cease and desist from material violations of RSA Chapter 399-D. Failure to comply with the consent order may result in additional administrative action including license revocation and monetary penalties.

Pomelo Two US LLC Consent Order - Unlicensed Money Transmission

The New Hampshire Banking Department issued a Consent Order against Pomelo Two US LLC for conducting unlicensed money transmission activity in New Hampshire between July 2022 and February 2023. The company conducted a pilot test involving 8 transactions totaling $32,888 before obtaining its license, which was subsequently approved on February 10, 2025. Pomelo self-disclosed the activity and fully cooperated with the investigation.

Weizheng Zeng Cease-And-Desist Order, Insider Trading, $69k Profit

The SEC issued a cease-and-desist order against Weizheng Zeng for insider trading in Chimerix securities ahead of Jazz Pharmaceuticals' acquisition announcement. Zeng, a Jazz employee on the due diligence team, purchased 19,902 Chimerix shares between February 19 and March 4, 2025, using material nonpublic information about the contemplated acquisition, generating profits of $69,011. The order requires disgorgement of $69,011, prejudgment interest of $2,443.25, and a civil money penalty of $69,011.

Key Tronic Corporation Cease-and-Desist Order - Inventory Misconduct

The SEC instituted cease-and-desist proceedings against Key Tronic Corporation, CFO Brett R. Larsen, and Senior VP of U.S. Operations Nicholas S. Fasciana for improper expense management at the company's Oakdale, Minnesota manufacturing facility. From approximately July to December 2020, employees generated false entries in the inventory system that falsely indicated inventory was undergoing manufacturing, which inflated inventory value, decreased manufacturing expenses, and improperly increased reported income. Fasciana was aware of and directed portions of this misconduct. The company discovered the scheme via an internal complaint hours before releasing quarterly earnings in January 2021, investigated immediately, and recorded nearly $1 million in corrections. The SEC found violations of Section 21C of the Securities Exchange Act of 1934.

MV Realty Settlement Voiding 700+ Nevada Homeowner Benefit Agreements

The Nevada Attorney General and Nevada Consumer Affairs Unit announced a settlement with MV Realty resolving investigations into deceptive trade practices. All 700+ MV Realty Homeowner Benefit Agreements in Nevada are declared null and void, and encumbrances recorded against affected properties must be removed within 30 days. MV Realty must cease all collection efforts, provide $200,000 in restitution to consumers who paid early termination fees, and waive repayment of promotional fees received.

Farmers Insurance Group Stipulation Consent Order, Docket 26-008-I

Vermont Department of Financial Regulation issued a Stipulation and Consent Order against Farmers Insurance Group in Docket 26-008-I, dated April 17, 2026. The specific regulatory violations cited and any associated penalties are contained in the attached consent order document. Insurance companies operating in Vermont should monitor for updates related to this enforcement action.

Investor Alerts: Unregulated Forex, Binary Options, and Crypto Entities

The Financial Services Commission Anguilla (FSC Anguilla) has published consolidated investor alerts page listing over 40 entities that appear to offer forex, binary options, and cryptocurrency trading services without being licensed, authorised, or regulated by FSC Anguilla. The most recent alert targets INFINOX Global Limited (23 September 2025), with earlier alerts spanning entities including Notesco Int Limited (trading as FXGiants and IronFX), NUMERA INTERNATIONAL Limited, Blink Trade Ltd, Teth Stake Plc, SeaDex Verse Plc, Coin Trust Capitals, and numerous binary options and forex firms dating from 2015 through 2025.

Administrative Penalties Rs. 3M on Indian Bank and Amana Takaful Life, Nov-Dec 2024

The Sri Lanka Financial Intelligence Unit imposed administrative penalties totaling LKR 3 million on two reporting institutions for violations of the Financial Transactions Reporting Act. Indian Bank was penalized LKR 2 million for failure to report EFT transactions exceeding LKR 1 million and failure to maintain updated designated persons lists. Amana Takaful Life PLC was penalized LKR 1 million for failure to maintain updated UN sanctions lists and failure to verify customers against updated designated lists under CDD Rules.

Blacklist: 287 Companies and Directors for Export Earnings Repatriation Failures

The Central Bank of Myanmar has published a blacklist of 287 companies and their directors for failing to repatriate export earnings within legally mandated timeframes under the Foreign Exchange Management Law (FEML) Section 38-C. The review covered the period January 1, 2021 to March 31, 2025, with the blacklist published on April 3, 2026. Export earnings must be repatriated within 30 days for Asian countries and 60 days for other countries.

Eighth Judicial District Court Appoints Receiver for Elemental Financial Technologies and Subsidiaries

The Nevada Financial Institutions Division secured a court order appointing John Guedry as permanent receiver for Elemental Financial Technologies, Inc. (formerly Fortress Blockchain Technologies) and its subsidiaries including Fortress Trust, LLC. The receiver now has full authority over all company assets including financial accounts, digital assets, customer records, software systems, and intellectual property. All officers, employees, agents, and affiliates are prohibited from transferring or disposing of assets without receiver approval, and creditors and investors are barred from interfering with the receivership. The receiver must file an inventory of company assets within 45 days.

Christopher Abruzzo Consent Order - Unlicensed Public Accountancy

The New Jersey State Board of Accountancy issued a Consent Order against Christopher Abruzzo (NY CPA) for practicing public accountancy in New Jersey without a state license from January 2004 through June 2009, violating N.J.S.A. 45:2B-62(a). The Board reprimanded Respondent and assessed a civil penalty of $5,000, payable within 30 days by certified check or money order to the State of New Jersey. Failure to remit payment will result in filing a Certificate of Debt.

Consent Order, Howard Chernoff, License #20CC00836200

The New Jersey State Board of Accountancy issued a consent order formally reprimanding CPA Howard Chernoff for professional misconduct. The Board found that Chernoff represented both parties in a divorce matter regarding their 2014 tax returns, creating a conflict of interest at the time of representation. The parties consented to resolution without formal proceedings, and the Board entered the order on August 14, 2019.

Naples Tax Preparer Wilner Cenecharles Pleads Guilty to Eight Counts of Tax Fraud, Agrees to Pay $65,000+ Restitution

IRS-CI announced that Naples, FL tax preparer Wilner Cenecharles pleaded guilty to six counts of assisting in the preparation of false tax documents and two counts of filing false tax returns. Cenecharles prepared fraudulent returns for clients at Motivation Tax Financial Services by adding fictitious business profits/losses and bogus educational credits to generate false refunds. Cenecharles also failed to report thousands of dollars in personal income and tax preparation fees on his own returns. Cenecharles agreed to pay more than $65,000 in restitution and faces up to three years in federal prison per count.

Sidney Wilson Pleads Guilty to Multi-Million Dollar Fraud and Tax Crimes

Sidney Marc Wilson Jr. of Niceville, Florida pleaded guilty in federal court to conspiracy to commit wire and mail fraud, mail fraud, wire fraud, money laundering, and subscribing to materially false tax returns. Between 2018-2022, the defendant operated an online investment scheme falsely promising victims returns on purported sales affiliate programs, fraudulently obtaining millions of dollars which he laundered through real property and cryptocurrency transactions. Sentencing is scheduled for July 20, 2026.

South Dakota CPA License Disciplinary Actions List

The South Dakota Board of Accountancy maintains a public list of disciplinary actions taken against CPAs from January 2004 to present. Actions include revocations, suspensions held in abeyance, and consent agreements for violations such as CPE non-compliance and failure to meet renewal requirements. Recent actions include Laura Arth (November 2025, 90-day suspension in abeyance, $500 fine), Bruce Ashland (May 2021, 20 additional CPE hours, $1,000 fine), and other licensees listed alphabetically.

CPA Disciplinary Actions: Misappropriation, License Violations, and Professional Conduct Violations

The Louisiana CPA Board published two final disciplinary decisions. Case 2017-66 involved misappropriation of client funds, dishonesty, and violations of AICPA professional conduct rules. Case 2018-59 & 2019-40 involved practicing as a CPA without a license or firm permit, failure to return client records, and failure to cooperate with Board investigations. Both cases resulted in final enforcement actions available to the public.

HDH Investment Services Limited Enters Liquidation

The FCA announces that HDH Investment Services Limited entered Creditors' Voluntary Liquidation (CVL) on 16 April 2026. Dina Devalia and Tom Parish of Quantuma Advisory Limited were appointed as joint liquidators. The firm had previously agreed on 20 January 2026 to stop carrying out any regulated activity following FCA concerns that HDH may have given unsuitable financial advice to some customers, potentially leading to financial loss. Customers are advised to contact the joint liquidators or the Financial Services Compensation Scheme (FSCS) for information on compensation claims.

Tax Preparer Convicted on 11 False Return Counts

IRS Criminal Investigation announced that a federal jury in the Western District of Texas convicted Natasha Sheree Banks-Brown on 11 counts of aiding or assisting in the filing of false tax returns. Banks-Brown owned and operated "Tasha's Total Tax Service" beginning in 2016 and filed approximately 1,200 fraudulent tax returns between 2017 and 2021, generating over $8 million in false refunds using fabricated deductions and credits. Banks-Brown controlled deposit destinations for returns through her software and provided clients only partial refunds while retaining the remainder.

Nevada Businesswoman Pleads Guilty to $15M COVID-19 Tax Credit Fraud Scheme

IRS Criminal Investigation announced that Adonia Stiles, a Las Vegas-based real estate agent, tax preparer, and clothing store owner, pleaded guilty to one count of conspiracy to file false claims. She conspired to fraudulently claim over $15 million in COVID-19 Employee Retention Credit and sick and family leave credits. Stiles referred clients to co-conspirator Candies Goode-McCoy, who filed over 150 false employment tax returns causing the Treasury to pay more than $7 million in fraudulent refunds. Stiles received at least $135,000 in undisclosed referral payments.

Public Censure - Finsburey Management Services Ltd

The FSC Mauritius Enforcement Committee issued a public censure to Finsburey Management Services Ltd (FMSL) on 25 August 2023 for multiple violations of the Financial Services Act and Code of Business Conduct. FMSL failed to implement adequate email security controls, resulting in unauthorized transfer of client funds causing significant losses. The company also failed to exercise due skill, care, and diligence and lacked requisite IT-related internal controls. FMSL's review application was withdrawn on 2 June 2025, making the censure effective from that date.

DCCA Joins $80M Multistate Settlement With Block Inc for BSA/AML Violations

The Hawaii Department of Commerce and Consumer Affairs joined 47 state regulators in an $80 million multistate settlement with Block, Inc., the parent company of Cash App, for violations of Bank Secrecy Act and anti-money laundering laws. Block agreed to pay the penalty, hire an independent consultant to review its BSA/AML program, and submit a report to states within nine months, followed by 12 months to correct any deficiencies. The enforcement action addresses failures in customer due diligence, suspicious activity reporting, and high-risk account controls.

Nevada FID Secures Court-Appointed Receiver for Elemental Financial Technologies

Nevada Financial Institutions Division secured appointment of John Guedry as permanent receiver for Elemental Financial Technologies Inc., formerly Fortress Blockchain Technologies, and its subsidiaries including Fortress Trust LLC. The Eighth Judicial District Court in Clark County granted FID's petition on November 24, 2025. The receiver now has full authority over company assets including financial accounts, digital assets, customer records, software systems, and intellectual property. All company personnel are prohibited from transferring or disposing of assets without receiver direction.

BSQUARE TECHNOLOGY CO. LTD. Sanctions Entry Corrected - Asset Freeze Remains in Force

The Guernsey Financial Services Commission issued a correction notice for BSQUARE TECHNOLOGY CO. LTD. (Unique ID: GHR0183) under the Global Human Rights Sanctions Regulations 2020. The entity remains subject to an Asset Freeze and Director Disqualification Sanction on the UK sanctions list. All Guernsey-regulated businesses must immediately check for relationships with the entity, freeze any associated funds or assets, and report findings to the Policy & Resources Committee and GFSC.

Warning on Unauthorized Website Werdy.net

CSSF warns that Werdy (www.werdy.net) is not authorized to provide investment services or other financial services in or from Luxembourg. The entity claims an address in Buenos Aires, Argentina and uses email support@werdy.net and phone +54 11 2320-2891. Werdy is not supervised by the CSSF and has not been granted any authorization to operate in Luxembourg's financial sector.

OCC Enforcement Actions for April 2026

The OCC released enforcement actions for April 2026 including a Consent Order against The Federal Savings Bank for deceptive practices relating to VA-guaranteed cash-out refinance loans, and two Orders of Prohibition against former associate bankers at JPMorgan Chase and BMO for embezzlement totaling over $237,000 combined. The OCC also terminated three prior enforcement actions against CNB Bank & Trust, Generations Bank, and JPMorgan Chase.

Clarity Debt Resolution Inc Consent Order 2025-0276

The New Hampshire Banking Department issued Consent Order 2025-0276 against Clarity Debt Resolution Inc, a debt resolution services provider. The order establishes binding compliance requirements and may include restrictions on the company's operations within New Hampshire. The specific terms, penalties, or corrective actions are determined by the consent order provisions.

Clarity Debt Resolution Inc, Consent Order 2025-0276, Consumer Restitution List

The NH Banking Department issued Consent Order 2025-0276 against Clarity Debt Resolution Inc, requiring the company to pay $191,460.31 in consumer restitution to 133 consumers. The exhibit lists individual restitution amounts ranging from $92.60 to $6,046.01 per consumer.

Florida CPA Pleads Guilty to $2.2M Tax Evasion

A Florida CPA, Ronald St. Clair, pleaded guilty to one count of tax evasion involving more than $2.2 million in unreported income tax liabilities from tax years 2011 through 2017. St. Clair hid assets from the IRS by selling real property and transferring the proceeds to a bank account under a third party's name while seeking an IRS payment plan. Sentencing is scheduled separately, with a maximum penalty of five years in prison plus restitution and monetary penalties.

Equilus Group Inc. $39M Real Estate Ponzi Scheme Summary Order and Charges

WA DFI Division of Securities issued a Summary Order and Statement of Charges against Equilus Group Inc., Equilus Capital Partners LLC, Joel Richard Frank, and related entities for a $39 million real estate Ponzi scheme spanning April 2017 to October 2025. The order summarily suspends registrations and mandates cease and desist, with intent to order revocation of registrations, disgorgement, and fines. Allegations include misappropriation of funds, Ponzi-like payments, false account statements, unregistered securities sales, unregistered broker-dealer operations, and custody violations.

Administrative Actions - Budget Finance Closure, Ultralight FS Revocation, Amerbank Cease and Desist

The West Virginia Division of Financial Institutions issued multiple administrative actions affecting financial institutions and consumers. These include a public order regarding the unexpected closure of Budget Finance Company in New Martinsville, an Order of Revocation for Ultralight FS, Inc., an Agreed Order for Carteret Mortgage Corporation, and Cease and Desist Orders for Amerbank LLC/Dolare LLC.

Mandatory Recall of GH Kush Pops Medical Cannabis Lollipops for Exceeding THC Limit

The New Mexico Cannabis Control Division ordered a mandatory recall of GH LLC's "GH Kush Pops" medical cannabis lollipops after finding the product contained 200 mg total THC per package (two 100 mg lollipops), exceeding the state limit of 50 mg THC per serving. Licensed retailers are required to immediately remove the product from shelves. No health-related complaints have been reported.

AFS E-Venues B.V. Fined €28,710 for Repeated Liquidity Shortfalls

DNB imposed an administrative fine of €28,710 on investment firm AFS E-Venues B.V. for repeated failures to meet statutory liquidity requirements. The firm violated minimum liquidity standards on five occasions during the period from 31 March 2024 to 10 February 2025, despite prior warnings from DNB. The fine was set in accordance with DNB's capital shortfall enforcement policy of 20 February 2015.

OCC Enforcement Actions for April 2026: Consent Order Against Federal Savings Bank, Two Prohibition Orders, and Three Terminations

The OCC announced enforcement actions for April 2026 including a consent order against The Federal Savings Bank for deceptive practices involving VA cash-out refinance loans with excessive fees and rate increases, prohibition orders against two former associate bankers for embezzlement totaling over $237,000 from customer accounts, and three termination orders releasing banks from prior enforcement actions upon demonstrated compliance.

Community Bankshares Cease and Desist Order

The Federal Reserve Board issued a Cease and Desist Order against Community Bankshares, Inc., LaGrange, Georgia, dated April 14, 2026. The enforcement action targets the bank holding company and requires it to cease and desist from practices identified by the Federal Reserve. The specific violations and compliance requirements are detailed in the attached order document.

FMA Settles IPO Proceeding with CBL Corporation

The Financial Markets Authority (FMA) has reached a full and final settlement with CBL Corporation Limited (in liquidation) resolving claims related to its 2015 Initial Public Offering. CBL listed on the NZX in October 2015 and collapsed in February 2018 when it was valued at $750 million. A pecuniary penalty hearing will proceed before the High Court.

John Fortini Pays $1.3M Disgorgement, Permanent Trading Ban for Commodity Pool Fraud

The CFTC obtained a consent order from the U.S. District Court for the Southern District of Florida against John Fortini, a Florida resident and former executive at Algo Capital LLC. Fortini was ordered to pay $1,347,867.56 in disgorgement for commodity pool fraud involving misappropriation of customer funds and material misrepresentations about proprietary trading algorithms. The court imposed a permanent trading ban and permanent injunction against Fortini from further violations of the Commodity Exchange Act.

Insurance Brokers Pay $135M for ACA Enrollment Fraud Scheme

AP of South Florida (APSF) pleaded guilty to major fraud against the United States and agreed to pay $27.6M in criminal restitution for its role in an ACA enrollment fraud scheme. In a parallel civil resolution, parent company AssuredPartners, Inc. agreed to pay $107M to resolve False Claims Act allegations. The scheme fraudulently enrolled vulnerable, low-income individuals in fully subsidized ACA plans for which they did not qualify, resulting in $141.5M in unwarranted subsidies.

Nevada Business Owner Sentenced to 54 Months for $100M COVID-19 Tax Fraud Scheme

Candies Goode-McCoy, formerly of Las Vegas, Nevada, was sentenced to 54 months in federal prison and three years of supervised release for conspiracy to defraud the United States by fraudulently claiming nearly $100 million in COVID-19 employment tax credits. McCoy filed more than 1,200 fraudulent tax returns from June 2022 through September 2023, seeking refunds totaling over $98 million based on the employee retention credit and paid sick and family leave credit. The IRS paid approximately $33 million as a result of the scheme, and McCoy personally received over $1.3 million in fraudulent refunds plus $800,000 from clients for filing fraudulent returns.

OSC Approves $600,000 Settlement with Liquidnet Canada for ATS Trading Breach

The Capital Markets Tribunal approved OSC's settlement with Liquidnet Canada Inc. (LCI) for breaches of National Instrument 21-101 Marketplace Operation. LCI, an alternative trading system operator, disclosed trade and order information of market participants to unauthorized employees of foreign affiliates. LCI also failed to be forthcoming with the OSC regarding a trading suspension. LCI paid a $600,000 CAD administrative penalty plus investigation costs and must undergo an independent review of its practices and procedures.

Express1 LLC License Revoked by DIFS for Deferred Presentment Violations

Michigan DIFS issued an Order Accepting Stipulation revoking Express1 LLC's three licenses (DP-0025514, DP-0025515, DP-0025516) under the Deferred Presentment Service Transactions Act. The revocation follows a Notice of Opportunity to Show Compliance served on November 5, 2025, alleging the company's conduct failed to meet requirements under the Act. Sole officer and member George Yusubov is also barred from future licensure applications under any financial licensing acts administered by DIFS' Office of Consumer Finance.

Patrick Skorupski Insurance License Revoked for Exam Cheating, Fraud

Michigan DIFS issued an Order Accepting Stipulation revoking Patrick Skorupski's insurance license (Enforcement Case No. 26-18922) effective April 13, 2026. DIFS found that Skorupski obtained his license through misrepresentation or fraud and used fraudulent or dishonest practices in the conduct of business. The revocation is permanent, and Skorupski is prohibited from reapplying for any license administered by Michigan DIFS.

Kolbrt Audisho Order Accepting Stipulation

The Michigan Department of Insurance and Financial Services issued a Directors Order accepting a stipulation in case 25-18845 involving Kolbrt Audisho. The order resolves an enforcement matter before the department. The specific terms and conditions of the stipulation were accepted by the Director as final resolution of the matter.

Ali Sharif Insurance License Revocation for Exam Fraud

MI DIFS issued Order Accepting Stipulation (Case No. 26-18920) revoking the insurance license of Ali Sharif (System ID No. 1315812) effective April 13, 2026. The revocation follows respondent's admission to obtaining an insurance license through misrepresentation or fraud under MCL 500.1239(1)(a) and using fraudulent or dishonest practices demonstrating untrustworthiness under MCL 500.1239(1)(g).

Olivia Quatrine Insurance License Revoked for Fraud

The Michigan Department of Insurance and Financial Services has revoked Olivia Quatrine's insurance producer license. The revocation follows Quatrine's admission that she obtained her license through misrepresentation or fraud and engaged in fraudulent or dishonest practices in business, violating Michigan Insurance Code Sections 1239(1)(a) and 1239(1)(g). The order was issued following a stipulation agreement and the license revocation is effective immediately.

Elidad Kado Insurance License Revoked for Fraud

The Michigan Department of Insurance and Financial Services (DIFS) issued an Order Accepting Stipulation revoking the insurance license of Elidad Kado (Case No. 26-18896, System ID No. 1308492) effective immediately on April 13, 2026. The revocation is based on findings that Kado attempted to obtain a license through misrepresentation or fraud and engaged in fraudulent or dishonest practices demonstrating untrustworthiness, in violation of Sections 1239(1)(a) and 1239(1)(g) of the Michigan Insurance Code.

Lavonne Yousif Insurance License Revoked for Fraud and Misrepresentation

MI DIFS issued an Order Accepting Stipulation revoking Lavonne Yousif's insurance license (Enforcement Case No. 25-18794) effective April 8, 2026. The respondent admitted to obtaining a license through misrepresentation or fraud under MCL 500.1239(1)(a) and engaging in fraudulent or dishonest practices demonstrating untrustworthiness under MCL 500.1239(1)(g). The order permanently bars Yousif from reapplying for any DIFS-administered license.

FCA Bans Conclusive Financial Misleading Motor Finance Compensation Adverts

The FCA has banned Conclusive Financial Ltd (trading as PCP Refunds), a claims management company, from using misleading adverts that featured unauthorized clips of Martin Lewis, used the FCA logo without permission, and claimed consumers would receive £1,846 average compensation without explaining the calculation. The adverts also failed to properly disclose 'No Win, No Fee' fees and exit charges, and did not inform consumers they could make free claims directly to lenders or the Financial Ombudsman Service. The firm was required to remove its advertising and update or take down its website until compliant. Since January 2024, CMCs have removed or amended 899 misleading adverts following FCA action.

Indian Chemical Executive Pleads Guilty to Fentanyl Smuggling

Bhavesh Lathiya, founder and leader of Raxuter Chemicals (Surat, India), pleaded guilty in federal court in Brooklyn to distributing and smuggling fentanyl precursor chemicals to the United States. Lathiya admitted to supplying more than 50 pounds of List I and List II controlled substance precursors, using deceptive practices including mislabeling packages as Vitamin C and falsifying customs forms. As the first felony conviction of an India-based fentanyl precursor supplier, the case targets the international supply chain for illicit fentanyl manufacturing.