GRC Report Staff

TradeStation’s $1.1 Million Sanctions Settlement Shows How Small Failures Can Snowball

On Tuesday, the U.S. Treasury’s Office of Foreign Assets Control announced that TradeStation Securities, the Florida-based brokerage firm, will pay $1.11 million to settle potential liability for hundreds of sanctions violations, after a series of seemingly routine missteps quietly unraveled key compliance controls.

SEC Finalizes Climate Disclosure Rules, Bringing Climate Risk Into the Core of Financial Reporting

The U.S. Securities and Exchange Commission has adopted long-anticipated rules requiring public companies to provide standardized disclosures on climate-related risks, marking a significant shift in how environmental factors are incorporated into financial reporting.

GRC Engineering 101

Engineering teams don’t debate where their source of truth lives. It’s in code. Changes are tracked, reviewed, and deployed through systems designed to create clarity and accountability. GRC has largely operated outside of that model.

Australia’s Privacy Regulator Draws a Line on Age Checks as Online Verification Surges

The Office of the Australian Information Commissioner (OAIC) recently published new guidance aimed at helping organizations navigate the privacy implications of age assurance technologies. The timing is not accidental. In the three months since Australia’s Social Media Minimum Age scheme came into force, the regulator says it has seen a noticeable increase in age checks being used not just on social platforms, but across a wider range of online services.

Polish Regulator Fines Glovo Operator $1.5 Million Over Collection of Customer ID Scans

Mirosław Wróblewski, President of Poland’s Personal Data Protection Office (UODO), imposed an administrative fine of $1.5 million (PLN 5,898,064) on Restaurant Partner Polska, the company responsible for operating the Glovo platform in Poland. The decision follows an inspection examining how personal data from users of the “Glovo – food delivery and other” app was processed.

Hyatt Changes Card Surcharge Practices in Australia Following ACCC Investigation

Hyatt hotels in Australia have revised their card payment surcharge practices after an investigation by the Australian Competition and Consumer Commission (ACCC) found potential issues with how surcharges were applied to debit card payments at the Hyatt Regency Sydney.

Temporary Employment Industry Group Fined €4.52 Million in Portugal Over Worker Hiring Restrictions

Portugal’s competition regulator announced that it has fined the Portuguese Association of Private Employment and Human Resources Companies (APESPE) €4.52 million after concluding the group maintained a no-poach clause that restricted hiring between its member companies for decades.