GRC Report Staff

Swedish Privacy Watchdog Fines Sportadmin After Data Breach Exposes Millions

Sweden’s privacy regulator has fined Sportadmin roughly $560,000 (SEK 6 million) after concluding that the company failed to implement adequate IT security measures ahead of a major cyberattack that exposed personal data on more than 2.1 million people.

Hong Kong Monetary Authority Moves to Broaden Sustainable Finance Standards

Hong Kong’s push to position itself as a hub for sustainable finance took another step forward this week, as the Hong Kong Monetary Authority published Phase 2A of the Hong Kong Taxonomy for Sustainable Finance.

Italy Opens Landmark Antitrust Investigation Into Labour Market Practices

Italy’s competition watchdog has opened a first-of-its-kind antitrust investigation into alleged collusion in the labour market, turning its attention to a cluster of companies operating at the heart of the country’s automated packaging industry.

Malta Financial Services Authority Sets New Conduct Benchmark for Financial Services Decision Makers

The Malta Financial Services Authority has set out a clearer line on what it expects from those steering Malta’s financial institutions, publishing a new General Code of Conduct for Decision Makers in the Financial Services Industry aimed squarely at governance, culture, and leadership behavior.

AMLA Begins Testing Risk Models Ahead of EU-Wide AML Supervision

Europe’s new anti-money laundering authority is taking another step toward its future role as a frontline supervisor, as Anti-Money Laundering Authority (AMLA) prepares to launch a data collection exercise aimed at stress-testing the risk models it will rely on to oversee the financial sector.

Traditions Health Agrees to $34 Million Medicare Settlement Following Self-Disclosure

Traditions Health has agreed to pay $34 million to resolve civil allegations that it improperly billed Medicare for home health services and provided financial benefits to physicians in connection with patient referrals, federal authorities announced Thursday.

Cyprus Regulator Tightens Supervision as EU Presidency Approaches

As regulatory expectations rise and market risks grow more complex, the Cyprus Securities and Exchange Commission is showing that stricter supervision, tougher enforcement, and deeper digital capabilities will define its approach heading into 2026, a year that will see Cyprus take on the Presidency of the Council of the European Union.