GRC Report Staff

HSBC Survey Shows Sustainability Moving Into the Heart of Business Strategy

Sustainability is no longer being treated as a reputational add-on or a long-term aspiration. According to HSBC’s Sustainability Pulse Survey 2025, it is increasingly being positioned at the centre of business growth, competitive strategy, and investor decision-making.

Malaysia Strengthens Its Financial Crime Defenses, but FATF Finds Enforcement Gaps

Malaysia has made real strides in strengthening its defenses against money laundering, terrorist financing and proliferation financing over the past decade, but enforcement outcomes continue to lag behind the country’s growing investigative capabilities. That is what a new mutual evaluation by the Financial Action Task Force (FATF) and the Asia/Pacific Group on Money Laundering (APG) is saying, based on an on-site assessment carried out in February 2025.

Poland’s Consumer Watchdog Fines Play About $27 Million Over Discount Scheme That Penalized Late Payments

Poland’s competition and consumer protection authority has fined P4, the operator of the Play mobile network, about $27 million (PLN 108,573,207) after ruling that a widely used discount scheme unlawfully penalized customers who paid their bills late.

TIGO Guatemala Pays Over $118 Million to Close U.S. Bribery Case

TIGO Guatemala has agreed to pay more than $118 million to resolve a U.S. investigation into a years-long bribery scheme that prosecutors say was baked into the company’s local operations and designed to influence lawmakers in Guatemala.

LastPass Fined £1.2 Million After UK Data Breach Exposes 1.6 Million Users

The UK Information Commissioner’s Office (ICO) has fined password manager provider LastPass £1.2 million following a 2022 data breach that exposed the personal information of up to 1.6 million UK users, concluding that the company failed to implement sufficiently robust security measures despite offering a service designed to improve online security.

ISSB Updates Climate Disclosure Standard to Address Early Implementation Challenges

The International Sustainability Standards Board released targeted amendments to its IFRS S2 Climate-related Disclosures standard, responding to practical challenges companies have encountered as they begin putting the new climate rules into practice.

Swiss Competition Authority Probes Apple’s NFC Access Terms on iPhones

Swiss competition authorities have opened an investigation into Apple’s control over near-field communication technology on iPhones, examining whether the company’s terms for granting access to the NFC interface raise concerns under Swiss antitrust law.