GRC Report Staff

Deutz Fined $1.2 Million in Danish Competition Case Dating Back to 2013

German engine manufacturer Deutz has been fined approximately $1.2 million (DKK 8 million) by Copenhagen City Court for violating Danish competition law in a dispute over spare parts for IC3 trains that has spent more than a decade before the courts.

BaFin Fines Volkswagen €1.2 Million Over Failure to Properly Disclose Financial Forecast

Germany’s Federal Financial Supervisory Authority (BaFin) has fined Volkswagen €1.2 million for failing to properly disclose a financial forecast that significantly exceeded market expectations, in violation of the European Union’s Market Abuse Regulation (MAR).

Dutch Privacy Regulator Establishes New AI Oversight Directorate Ahead of Enforcement Role

The Dutch Data Protection Authority (AP) has established a new directorate to oversee its work on artificial intelligence and prepare for enforcement responsibilities under the European Union's AI Act, even as the legislation needed to grant it those powers remains unfinished.

Hollard Fined $1.4 Million After Claim Delays Leave Australian Family in Uninhabitable Home

An Australian insurer has been ordered to pay approximately $1.4 million (AUD 2 million) after admitting to serious failures in handling a storm damage claim that left a Victorian family living in a deteriorating home for years.

UK Privacy Regulator Secures Changes From 10 Major AI Developers, Expands Scrutiny to AI Agents

Britain's privacy regulator has secured changes or commitments to improve data protection practices from ten major artificial intelligence developers, including OpenAI, Google, Microsoft and Anthropic, following scrutiny of how their foundation models are trained and developed.

Poland Fines AS Inbank $1.2 Million Over Consumer Credit Practices

The Office of Competition and Consumer Protection (UOKiK) has imposed approximately $1.2 million (PLN 4.692 million) in fines on AS Inbank over three practices involving loans that were legally connected to the purchases they financed. The authority found that AS Inbank had treated the agreements as independent consumer loans, denying borrowers information about protections available under Polish law.

European Parliament Calls for Tighter Anti-Corruption Rules, Greater Scrutiny of Political Financing

The European Parliament has called for stricter rules on political financing, conflicts of interest and lobbying as the European Commission prepares the EU's first anti-corruption strategy. In a new resolution, lawmakers urged the Commission to strengthen oversight of public procurement, improve cooperation between national investigators and EU enforcement agencies, and introduce more consistent standards for monitoring corruption across member states.