GRC Report Staff

Tower Ordered To Pay $7 Million For Misleading Customers On Discounts

General insurer Tower has been ordered to pay a $7 million (NZ$11.8 million) penalty after the company overstated the value of its multi-policy discount and overcharged tens of thousands of customers for years.

EU Probes Google’s AI Content Practices Amid Competition Concerns

The European Commission has kicked off a formal antitrust investigation into whether Google is abusing its market power by tapping into online content, from news publishers to YouTube creators, to fuel its artificial intelligence services without fair terms or compensation.

7-Eleven Hit with $4.5 Million Penalty Over FTC Antitrust Order Violation

7-Eleven and its parent company Seven & i Holdings will pay a $4.5 million penalty to resolve Federal Trade Commission allegations that the convenience store giant violated a 2018 antitrust consent order by purchasing a competing fuel outlet in St. Petersburg, Florida without giving the agency prior notice.

Australia’s Privacy Regulator Takes Aim at In-Person Data Collection Practices in End-of-Year Crackdown

Beginning the first week of January, the Office of the Australian Information Commissioner (OAIC) will launch its first compliance sweep examining how everyday businesses handle personal information they request directly from customers. Real estate agents at weekend house tours, pharmacy counters offering paperless receipts, and car rental desks asking for IDs are among the common touchpoints now under heightened scrutiny.

Malaysia Sets Out Enforcement Path for Sustainability Reporting Non-Compliance

Malaysia’s Advisory Committee on Sustainability Reporting (ACSR) has mapped out how it plans to address non-compliance with the country’s emerging sustainability disclosure rules, signaling a balanced approach that supports corporate readiness while keeping formal enforcement tools within reach.

EU Lawmakers Strike Deal to Scale Back Sustainability Reporting & Due Diligence Rules

Brussels has taken a noticeable step back from some of its most far-reaching sustainability ambitions. After a marathon round of negotiations, EU lawmakers reached a provisional deal to trim down the scope of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD), a course correction shaped by delays, industry pressure, and a shifting political mood.

Europe’s Regulators See Resilience but Rising Risk as Debt, Property & Geopolitics Converge

Norway’s financial system remains resilient heading into 2026, but beneath the strength sit familiar and growing fault lines. That’s what Finanstilsynet’s latest Risk Outlook is telling us, which shows that high household debt, stretched property values, and global instability are still Norway’s biggest vulnerabilities.