GRC Report Staff

UK Serious Fraud Office Opens Direct Channel for Companies Considering Self-Reporting

The UK's Serious Fraud Office (SFO) has opened a direct line to its senior legal leadership for companies considering whether to report suspected fraud, bribery or corruption, responding to concerns raised by lawyers since the agency revised its corporate cooperation guidance last year.

EU Financial Supervisors Set 2027 Priorities as ESMA Sharpens Focus on Corporate Reporting

The European Union’s three financial supervisory authorities have set out their joint priorities for 2027, with cyber resilience, artificial intelligence and sustainable finance among the principal areas of work. The program comes alongside new guidance from the EU’s securities regulator identifying the financial and sustainability reporting issues that listed companies should address in their 2026 annual reports.

Japan Urges Banks to Strengthen Cybersecurity After Breaches Affect Millions

Japan's financial regulator has urged banks to strengthen their cybersecurity defenses following a series of attacks that exposed millions of customer records and prompted a senior government official to describe the situation as a cybersecurity emergency.

Microsoft-Owned Xandr Hit With Record $9.6 Million Norwegian Privacy Fine

Norway's data protection authority has fined Microsoft-owned advertising technology company Xandr approximately $9.6 million (NOK 92 million) for unlawfully processing and sharing sensitive personal information belonging to users of the dating app Grindr.

Poland Fines Nasz Prąd $5.49 Million Over Unfair Renewable Energy Contracts

Poland's consumer protection authority has fined renewable energy installer Nasz Prąd approximately $5.49 million (PLN 21.475 million) after finding 21 unfair provisions in contracts that allowed the company to change equipment specifications, impose substantial penalties on homeowners and remove heating systems over unpaid balances.

FCC Proposes More Than $10 Million in Fines Against Two Lifeline Providers Over Alleged Fraud

The Federal Communications Commission has proposed more than $10 million in fines against two telecommunications providers accused of submitting improper reimbursement claims under a federal program that helps low-income Americans pay for phone and internet service.

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.