The latest System Risk Outlook from the Australian Prudential Regulation Authority is, on paper, a reassuring document. Australia’s financial system remains strong. Banks are well capitalized. Insurers hold solid liquidity positions. Stress testing suggests the system can withstand severe shocks, including a deep global recession combined with funding stress and operational disruption.
On Tuesday, the FTC said it had warned 12 companies that they appear to be failing to comply with the Take It Down Act, the federal law that officially entered enforcement this week after a one-year compliance period. The problem, according to the FTC, is not especially complicated. The companies allegedly do not appear to provide victims with a legally compliant process for requesting the removal of nonconsensual intimate images appearing on their platforms.
On Wednesday, the Australian Transaction Reports and Analysis Centre ordered Bankstown District Sports Club to appoint an external auditor after raising concerns that the club’s anti-money laundering controls may not be strong enough to prevent criminal exploitation.
There was a line in Chee Hong Tat’s speech that probably would have sounded strange to anyone expecting the usual polished climate conference choreography.
A debate over heat maps was always going to draw attention at SWISS GRC DAY 2026. Not because anyone in governance genuinely loves them anymore, but because they still sit everywhere, from inside board decks, quarterly reports, audit presentations, and risk committee updates long after many organizations quietly stopped trusting them.
Two Canadian steel companies and one of their top executives have agreed to pay $19 million to resolve allegations that they evaded customs duties by falsely declaring the origin of imported steel products entering the United States. Canada-based Farjess, Royal Canadian Steel, and part-owner and president Feroz Jessani allegedly avoided paying duties on flat-rolled steel products by misrepresenting their countries of origin to U.S. Customs and Border Protection.
The OCC has outlined a series of supervisory and regulatory changes aimed at reducing burden on community banks while preserving what the agency described as a risk-based approach to oversight. The reforms touch everything from Community Reinvestment Act examinations to capital calculations, model risk management, and cybersecurity reviews.