GRC Report Staff

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.

OCC Moves to Ease Compliance Burden on Community Banks With Rule Changes

The Office of the Comptroller of the Currency has finalized two rule changes aimed at reducing compliance burdens for community banks, eliminating an outdated reporting requirement and expanding streamlined approval pathways for certain corporate activities.

Cyberattack on University of Hawaii Cancer Center Exposes Decades of Research Data Tied to 1.2 Million People

A cyberattack on research systems at the University of Hawaiʻi Cancer Center has exposed personal data connected to roughly 1.2 million individuals, according to incident disclosures released by the university in late February.

OPBAS Reports Stronger AML Oversight but Questions Whether Enforcement Goes Far Enough

The UK’s anti-money laundering oversight regime for lawyers and accountants is stronger than it was in 2018. But according to the latest report from the Office for Professional Body Anti-Money Laundering Supervision, it is not yet where it needs to be.

Poland’s Supreme Administrative Court Revives GDPR Fines Against Fortum & Pika Over 95,000-Record Breach

Poland’s highest administrative court has revived a GDPR enforcement case against Fortum Marketing and Sales and its IT provider Pika, siding with the country’s data protection authority and reopening the path for multimillion-złoty fines tied to a 2020 data breach affecting more than 95,000 people.

California Moves Forward on Corporate Climate Disclosure Rules With CARB Approval

California Air Resources Board has approved a new regulation aimed at implementing two of the state’s landmark corporate climate disclosure laws, marking a significant step toward operationalizing climate-related reporting requirements for large companies doing business in California.