GRC Report Staff

The #RISK New York conference made a powerful return on July 9–10, drawing over 500 delegates to Fordham Law School for what has quickly become a cornerstone event in the Governance, Risk, and Compliance (GRC) calendar. Held in the heart of Manhattan, the two-day conference delivered a dynamic blend of expert-led sessions, forward-thinking workshops, and high-impact networking that energized the global GRC community.

Two U.S. subsidiaries of MGI International LLC (Global Plastics LLC and Marco Polo International LLC) have agreed to pay $6.8 million to resolve civil liability under the False Claims Act for failing to pay customs duties on Chinese plastic resin imports. The companies, based in New Hampshire and New York respectively, admitted to undervaluing goods and mis-declaring their country of origin between 2019 and 2024, according to a Justice Department press release issued Wednesday.

European insurers are making notable headway in incorporating climate change into their risk frameworks, but hurdles like inconsistent methodologies, patchy data, and short planning horizons still stand in the way of fully embedding climate risks into decision-making. That’s the key takeaway from the European Insurance and Occupational Pensions Authority (EIOPA)’s latest Monitoring Exercise on the Use of Climate Change Scenarios in the ORSA, published alongside a public statement this week.

As Germany scrambles to catch up on implementing the EU’s updated cybersecurity directive, the country’s leading business group is warning lawmakers not to let good intentions get lost in bad bureaucracy.

The Australian Energy Regulator (AER) is keeping consumers front and center in the fight for fairness. In its newly released 2024–25 compliance and enforcement report, the regulator laid out a year’s worth of action designed to hold energy companies accountable and ensure that vulnerable Australians aren’t left in the dark.

A growing number of global companies continue to see sustainability as a pathway to long-term value, not just risk mitigation, according to the 2025 Sustainable Signals: Corporates report from the Morgan Stanley Institute for Sustainable Investing.

‍The Hong Kong Monetary Authority (HKMA) has taken disciplinary action against three banks for failing to meet anti-money laundering and counter-terrorist financing (AML/CFT) requirements, citing serious deficiencies in their transaction monitoring systems and oversight.