GRC Report Staff

SEC Wins Default Judgment Against Bluesky Eagle Capital Management Over False SEC Filings

A federal judge in Manhattan has handed the U.S. Securities and Exchange Commission a win in its case against purported investment adviser Bluesky Eagle Capital Management, entering a final judgment by default after the firm failed to defend itself against allegations that it made material misrepresentations in an SEC filing.

Sweden Reports Record Personal Data Breaches in 2025 as IMY Links Surge to Major Darknet Leaks

It was a record-breaking year for data breaches in Sweden and not the kind anyone wants to celebrate. The Swedish Data Protection Authority, known as IMY, reported that 12,276 personal data breach notifications were filed in 2025, the highest number recorded since the General Data Protection Regulation came into force in 2018.

UAE Central Bank Moves to Deepen Internal Audit’s Role in Financial Supervision

The UAE’s central bank is tightening its embrace of the internal audit profession, signing a cooperation agreement that positions auditors more squarely at the center of financial supervision and governance reform.

IMG Academy Agrees to $1.72 Million OFAC Settlement Over Counternarcotics Sanctions Violations

The U.S. Department of the Treasury’s Office of Foreign Assets Control has reached a $1,720,000 settlement with IMG Academy, concluding a case that stretches across five academic years and nearly 90 transactions tied to individuals sanctioned under U.S. counternarcotics laws.

ECB Fines J.P. Morgan €12.18 Million After Years of Capital Misreporting

The European Central Bank has fined J.P. Morgan €12.18 million after concluding the bank misreported key risk figures used to calculate its capital requirements over several years.

Olympic Imagery Lands Supermarket Chains in Italian Ambush Marketing Probes

The Italian Competition Authority has opened two fresh investigations and launched a separate moral suasion action over alleged ambush marketing linked to the 2026 Olympic and Paralympic Winter Games. The move comes shortly after interim measure proceedings involving Harmont & Blaine, a case we previously covered concerning suspected unauthorized references to the Games in commercial advertising.

ACCC Signals Tough Year Ahead for Retail, Digital Platforms & Essential Services

At a time when households are still feeling the strain of rising costs and businesses are navigating rapid technological change, the Australian Competition and Consumer Commission has set out a compliance and enforcement agenda designed to steady the ground beneath both.