GRC Report Staff

Qantas Data Breach Hits Millions as OAIC Confirms Notification Requirement

Qantas is investigating a cyber incident that exposed the personal information of customers stored on a third-party platform used by one of its contact centres. The breach, first detected earlier this week, has affected records tied to up to 6 million customers.

Bank of England Fines Vocalink £11.9 Million in First-Ever Enforcement Action Against a Market Infrastructure Firm

The Bank of England has recently fined Vocalink Limited £11.9 million for failing to comply with a formal direction aimed at strengthening its risk and control framework, marking the first time the central bank has levied a fine against a financial market infrastructure firm under the Banking Act 2009.

DOJ Unveils Whistleblower Rewards Program to Tackle Antitrust Fraud

The U.S. Department of Justice’s Antitrust Division recently announced a new Whistleblower Rewards Program in partnership with the United States Postal Service. The initiative marks the first time the Antitrust Division will offer financial incentives to individuals who report antitrust crimes and related offenses — with potential rewards reaching up to 30% of the criminal fines recovered in applicable cases.

Japan’s FSA Flags Hurdles in Embedding Climate Risk into Banking & Insurance Frameworks

Japan’s Financial Services Agency (FSA) has released a new report capturing the latest efforts by the country’s financial institutions to manage climate-related risks, showing steady progress but also ongoing struggles with turning sustainability ambition into practical, measurable action.

Stantec to Pay $4 Million Over False EPA Grant Certifications After Years of Skirting Procurement Rules

Stantec Inc., a Canadian-based environmental and engineering firm, has agreed to pay $4 million to settle allegations that it violated the False Claims Act by submitting, or causing others to submit, false certifications in applications for U.S. Environmental Protection Agency (EPA) Brownfields Assessment Grants.

Monzo Fined £21 Million Over Financial Crime Control Failings as FCA Flags 'Systemic' Lapses

The UK’s Financial Conduct Authority (FCA) has fined Monzo Bank £21,091,300 for serious and repeated failures in its financial crime controls, citing deficiencies in the digital bank’s customer onboarding, risk assessment, and transaction monitoring systems between 2018 and 2022.

Storm Clouds Linger as AMF Flags Growing Market Risks in 2025

The French financial markets regulator, the Autorité des Marchés Financiers (AMF), has published its 2025 Markets and Risk Outlook, painting a picture of resilience tempered by deepening volatility, persistent geopolitical tensions, and growing operational and cyber threats.