GRC Report Staff

In a high-stakes legal battle, a Texas firm once thriving in the cattle industry now finds itself on the hook for defrauding its customers. Agridime LLC, which is currently in receivership, has been ordered by the U.S. District Court for the Northern District of Texas to pay nearly $103 million in restitution to customers who were duped by its fraudulent activities. This ruling follows a lawsuit filed by the Commodity Futures Trading Commission (CFTC) over what amounted to a Ponzi scheme disguised as a legitimate cattle investment venture.

Unicat Catalyst Technologies, a Texas-based company specializing in catalytic products for the petrochemical and steel industries, has reached a settlement with the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), agreeing to pay $3.88 million.

Paddle.com, a U.K.-based payment processor, has agreed to pay $5 million to settle allegations from the Federal Trade Commission (FTC). The charges center around Paddle’s involvement in enabling deceptive tech-support schemes that preyed on U.S. consumers, particularly older adults.

The European Banking Authority (EBA) has just published three new technical standards that will reshape how banks calculate and report operational risk capital. These updates are part of the ongoing EU Banking Package, and they aim to streamline processes, reduce costs, and improve overall transparency for both institutions and regulators alike.

At the 2025 SIFMA Anti-Money Laundering and Financial Crimes Conference in Washington, D.C., Matthew R. Galeotti, the head of the U.S. Department of Justice’s Criminal Division, unveiled significant changes to the Department’s approach to white-collar crime enforcement. In his speech, Galeotti underscored a shift towards increased transparency and fairness for businesses, with an emphasis on self-reporting and cooperation in exchange for more predictable outcomes in investigations and penalties.

The Federal Financial Supervisory Authority (BaFin) has imposed a €600,000 fine on Innovestica Holdings Inc. The company found itself on the wrong side of Germany’s Securities Trading Act (WpHG) after failing to submit necessary voting rights notifications within the required time frame.

In a year shaped by war, elections, cyber threats, and the steady march of artificial intelligence, the European Insurance and Occupational Pensions Authority (EIOPA) didn’t just keep pace but it stayed focused. Its newly released 2024 Annual Report tells the story of a regulator under pressure, facing a storm of digital, political, and economic disruption, yet managing to deliver across a wide policy front.