GRC Report Staff

Privacy Concerns Persist as TikTok Continues EU Data Transfers to China

The Netherlands’ data protection authority has warned users and organizations to think carefully before continuing to use TikTok, after confirming that the platform is still transferring personal data of European users to China despite a joint finding by EU privacy regulators that such transfers are unlawful under the GDPR.

Danish Competition Authority Closes Apple Repair Probe After Commitments to Open iPhone Repairs

Danish competition regulators have brought their long-running investigation into Apple’s iPhone repair practices to a close, after the company agreed to a set of commitments aimed at making repairs easier and more competitive in Denmark.

ESMA’s Fund Naming Rules Are Forcing Europe’s ESG Reckoning

Europe’s experiment with cleaning up ESG fund labels is already having a visible effect on the market. New research by the European Securities and Markets Authority shows that its guidelines on the use of ESG and sustainability-related terms in fund names have triggered widespread rebranding, portfolio changes, and a sharper divide between funds willing to adapt and those opting to step back from ESG branding altogether.

Telehealth Firm & Medical Practice Indicted in Alleged $100 Million Adderall Scheme

Federal prosecutors have charged a California-based digital health company and a Florida medical practice with orchestrating what authorities describe as a sweeping scheme to illegally distribute Adderall and other stimulants through an online subscription model, allegedly generating more than $100 million in revenue while bypassing basic medical safeguards.

Swedish Regulator Moves on Svea Bank & Garantum Firms Over AML & Consumer Protection Lapses

Sweden’s financial watchdog wrapped up a busy enforcement day on Tuesday, issuing sanctions against Svea Bank and two firms within the Garantum group after identifying weaknesses in anti-money laundering controls and consumer protection practices.

Australian Regulator Warns Rapid AI Expansion Is Outpacing Competition & Consumer Safeguards

Artificial intelligence is moving from novelty to infrastructure at a pace that is increasingly difficult for regulators to ignore. According to a new industry snapshot from the Australian Competition and Consumer Commission, AI is rapidly becoming embedded across products, platforms, and services in ways that could reshape competition, consumer trust, and market dynamics. While the ACCC acknowledges the growing benefits AI is delivering to businesses and consumers, it warns that the pace and scale of adoption are outstripping existing oversight frameworks, strengthening the case for continuous regulatory monitoring.

EBA Gives Banks Breathing Room on New Operational Risk Reporting Rules

The European Banking Authority said that it has published new guidance to help institutions manage enhanced operational risk reporting, following a formal delay to the first reference date under the amended Implementing Technical Standards. The move follows the European Commission’s adoption of Regulation (EU) 2025/2475, which pushes the application of the new reporting obligations back to the end of June 2026.