GRC Report Staff

Cartels, Banks, & Telecom Billing Practices Draw Over $290 Million in Fines From Poland’s Competition Authority

Poland’s competition and consumer protection authority had a busy year in 2025, issuing hundreds of decisions across sectors ranging from banking and telecommunications to e-commerce and agricultural machinery, and imposing more than $290 million (PLN 1.15 billion) in fines.

Singapore’s MAS Issues New Climate Transition Planning Guidance for Financial Institutions

The Monetary Authority of Singapore has issued new supervisory guidance aimed at strengthening how financial institutions prepare for the economic transition associated with climate change. The regulator released three sets of Guidelines on Environmental Risk Management – Transition Planning, setting out expectations for banks, insurers, and asset managers on how to assess and manage climate-related risks within their business models and portfolios.

Global Privacy Regulators Rally Around New Principles for AI Image Generation Tools

Privacy regulators from around the world are stepping up scrutiny of generative AI tools capable of producing realistic images and videos of real people, warning that the technology is already being used in ways that threaten privacy, dignity, and safety.

New Zealand Court Fines Courier Firms After Cartel Investigation

Two companies operating in New Zealand’s courier market have been ordered to pay a combined $724,000 USD ($1.225 million NZD) after the country’s competition regulator uncovered cartel conduct involving agreements that restricted competition between courier providers.

FCA Penalizes Wood Group £13 Million for Misleading Market Disclosures

The UK Financial Conduct Authority has fined John Wood Group £12,993,700 after concluding the company published misleading financial information in several of its recent earnings announcements.

Japan Opens Antitrust Investigation Into Microsoft Over Cloud Licensing Practices

Japan’s Fair Trade Commission has opened a new investigation into Microsoft, examining whether the company’s licensing practices around its enterprise software may be steering customers toward its own cloud platform and away from competing services.

FINRA Fines Goldman Sachs-Owned Folio Investments $1.3 Million Over Best Execution Failures

A brokerage firm owned by Goldman Sachs has agreed to pay a $1.3 million fine after regulators found the firm failed to properly review whether its customers were receiving the best available trade executions.