GRC Report Staff

Coinbase is facing a wave of lawsuits and potential losses approaching half a billion dollars after disclosing a significant cybersecurity incident tied to insider misconduct. According to a Form 8-K filed with the U.S. Securities and Exchange Commission (SEC), the crypto exchange revealed that several outsourced customer support agents, based outside the U.S., had been bribed by an unknown threat actor to leak internal customer information.

The GRC Report is proud to announce the launch of its new podcast, Risk Is Our Business, hosted by renowned GRC analyst Michael Rasmussen. The series promises candid, thought-provoking conversations at the intersection of governance, risk, compliance, and culture—cutting through the noise to explore what truly shapes responsible business today.

In the latest wave of FINRA enforcement actions, two firms are facing consequences for serious compliance missteps that have shaken the financial community. Honeycomb Portal LLC, a crowdfunding intermediary, and BTG Pactual US Capital, LLC, a broker-dealer, are each paying the price for lapses in investor protection and money-laundering oversight.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of $249,480.50 on Marouf Management Inc. This penalty, issued on November 4, 2024, follows a compliance examination carried out in 2023, which uncovered significant failures in Marouf’s anti-money laundering (AML) practices.

If 2024 taught us anything, it’s that stability is fragile, and in 2025, it’s still up for negotiation. In its latest Stability in the Financial System report, Sweden’s financial watchdog, Finansinspektionen (FI), doesn’t mince words. The risks on the horizon, from geopolitical tensions to economic headwinds, are piling up. In fact, FI says the likelihood of negative shocks is higher now than it was just a few months ago.

Risk-!n 2025 in Zurich was far from just another GRC conference. It was a gathering that transcended the usual discussions around compliance and risk management. As media sponsors, we had the privilege of witnessing an event that felt like a catalyst for change—a space where over 300 professionals came together, sparked conversations, and explored how governance, risk, and compliance can be more than just a regulatory checkbox.

Swedbank, one of Sweden’s most prominent banks, is facing a fine of approximately €1,148,415.25 (SEK 12,500,000) after a regulatory investigation found significant gaps in its compliance with Sweden's protective security regulations. The fine comes from Finansinspektionen, Sweden's financial supervisory authority, following a detailed probe into the bank’s security practices between July 2022 and January 2024.