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Recent Editions
North America
Human Times
A former Citigroup executive claims in a lawsuit that she was dismissed after raising regulatory and compliance questions. A source familiar with the case said the concerns involved a request to open a bank account connected to President Donald Trump. The heavily redacted complaint, filed in Brooklyn federal court, was filed anonymously, using the pseudonym Jane Doe. The plaintiff, a former managing director in Citi's wealth management division, claimed she had identified deficiencies in Citi's internal controls for risk management, anti-money laundering, reputation risk, and data compliance. Citigroup has denied the allegations in the lawsuit and said it had "absolutely zero merit."
Full Issue
UK
Human Times
The Trades Union Congress says that legislation proposed by Reform UK would remove the right for women to claim equal pay for the same work. Nigel Farage's party argues its Women's and Motherhood Protection Act would consolidate various protections for women into one law – superseding the 2010 Equality Act - and enhance pregnancy and maternity protections. Reform would rely on the Equal Pay Act 1970 and the Employment Rights Act 1996 to ensure pay and parental leave rights are preserved. But TUC boss Paul Nowak said Reform’s plans would effectively legalise discrimination and remove new rights being introduced by the Employment Rights Act, such as protection from harassment.
Full Issue
USA
Education Slice
The Trump administration is transferring key Education Department responsibilities, including special education programs and civil rights enforcement, to the departments of Health and Human Services (HHS) and Justice as part of its broader effort to dismantle the Education Department. The move follows similar transfers of education-related functions to the Labor and Treasury departments and is intended to demonstrate that the agency’s responsibilities can be distributed across the federal government without congressional approval to formally close the department. Under the plan, oversight of special education programs, including administration of the Individuals with Disabilities Education Act and roughly $15bn in federal funding for students with disabilities, will move to HHS. Meanwhile, the Office for Civil Rights will increasingly rely on the Justice Department to investigate and resolve discrimination complaints involving schools and colleges. Administration officials said students will retain all existing legal protections and argued the changes will improve coordination and enforcement. However, disability advocates, civil rights groups, and former Education Department officials warned that splitting responsibilities across agencies could weaken oversight, complicate complaint processes, and undermine protections for students.
Full Issue
USA
Accountancy Slice
A TIGTA review has found that approximately 26% of callers to two major IRS telephone lines between February and May 2025 did not receive quality customer service, highlighting ongoing issues with taxpayer support. TIGTA reviewed 200 recorded calls to the IRS Compliance Services and Accounts Management lines and found that 52 callers experienced problems, including dropped or disconnected calls, improper transfers, excessive hold times, inaccurate information, or discourteous service. Based on the sample, TIGTA estimated that roughly 1m taxpayers may have received substandard service during the three-month period. The watchdog estimated that 18% of callers to Compliance Services and 34% of callers to Accounts Management did not receive quality service. Together, the two lines handled approximately 3.8m calls during the review period.
Full Issue
Scotland
Legal Matters Scotland
Solicitor General Ruth Charteris KC has been nominated by First Minister John Swinney to become Scotland’s next Lord Advocate following the departure of Dorothy Bain KC. Swinney said Charteris was exceptionally well qualified and brought extensive legal experience to the role. Brian Gill KC has been nominated to succeed Charteris as Solicitor General. Both appointments require approval from the Scottish Parliament and formal appointment by the King. Swinney thanked Bain for her five years as Lord Advocate, during which she became only the second woman to hold the post. Charteris said it would be a privilege to serve the people of Scotland if appointed, while Gill described his nomination as a great honour.
Full Issue
North America
Legal Slice
The Department of Justice is asking a Mississippi federal court to dismiss a lawsuit filed by the NAACP against xAI, Elon Musk’s artificial intelligence lab that is now owned by SpaceX. In its motion to intervene, the DOJ accused the NAACP of threatening “American national, economic, and energy security” by seeking to shut off power supply needed for AI development. The suit filed in April by the NAACP claimed that xAI violated the federal Clean Air Act by using dozens of methane gas-burning turbines to power its AI data centers without proper permits or pollution controls. “There is no moral or legal precedent for this,” said Laura Thoms, the director of enforcement for Earthjustice, which is representing the NAACP. “This isn’t about national security; it’s a desperate attempt to protect wealthy tech companies from obeying the laws meant to protect people from pollution.”
Full Issue
Europe
Risk Channel
The General Directorate for Internal Security (DGSI), France’s domestic intelligence service, has ditched AI data tools from Palantir in favour of domestic provider ChapsVision to avoid “strategic dependency”, French prime minister Sébastien Lecornu has said. “We must use our own AI models; we cannot accept new strategic dependencies in the digital sphere,” Lecornu posted on social media. “We cannot rely on tools developed by foreign powers. France must have its own tools.” The DGSI has worked with Palantir since 2016; it renewed its contract in December 2025, which was due to run until 2028.
Full Issue
North America
CFO Slice
Merger and acquisition activity in the insurance sector remains robust, with industry participants increasingly evaluating how artificial intelligence (AI) could reshape competitive dynamics, valuations, and future deal strategies, according to PwC. The sector recorded 191 disclosed transactions worth approximately $29.6bn between December 2025 and May 2026, slightly below the 207 deals valued at $31.8bn in the previous six-month period. PwC said investor appetite remains strong, particularly for specialty insurers, managing general agents, fronting carriers, and excess and surplus lines businesses. Several major transactions highlighted continued consolidation across the industry, including the $22bn merger between Corebridge Financial and Equitable Holdings, Enstar Group’s $1.59bn acquisition of Accident Fund Holdings, and Willis Towers Watson’s $1.45bn purchase of insurance broker Newfront. PwC said AI is becoming a central consideration for investors and management teams as insurers and brokers assess whether new technology can lower operating costs, improve underwriting and claims processes, and create competitive advantages. The outcome could significantly influence future valuations, capital allocation decisions, and acquisition strategies.
Full Issue