GRC Report Staff

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.

SolarWinds & SEC Move Toward Settlement in Cybersecurity Disclosure Case

The U.S. Securities and Exchange Commission (SEC) and SolarWinds Corp. have reached a tentative agreement to settle the high-profile lawsuit stemming from the Russia-linked Sunburst cyberattack, Reuters first reported Wednesday.

Privacy Violations Cost Swedish Pharmacies & Public Transport Firms Millions

Sweden’s privacy regulator had a busy week, slapping some of the country’s most recognizable public and private names with fines over mishandling personal data, ranging from intimate health purchases to employees’ sobriety test results.

Europe’s Financial Supervisors Join Forces with AMLA to Step Up Anti-Money Laundering Fight

‍The European Supervisory Authorities (EBA, EIOPA, and ESMA) have signed a detailed multilateral Memorandum of Understanding (MMoU) with the European Anti-Money Laundering Authority (AMLA), formalizing how the institutions will cooperate and exchange information going forward.

Shein Fined €40 Million in France for Misleading Discounts & Dubious Green Claims

The French government has fined online fashion retailer Shein €40 million after uncovering widespread deceptive practices in how the company advertised price reductions and promoted its environmental credentials.

AFM Applauds Early CSRD Reports but Calls for Sharper Focus on Materiality & Strategic Integration

The first wave of sustainability reports published under the EU’s Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS) is starting to roll in, and while the Netherlands Authority for the Financial Markets (AFM) has offered praise for the progress made, it’s also calling for greater clarity and strategic depth in future disclosures.

Korea Sanctions KAB & Telus International AI over Major Data Breaches & Security Failures

South Korea’s privacy watchdog has handed financial penalties to the Korea Accreditation Board (KAB) and Telus International AI for failing to put in place basic safeguards to protect personal data, following significant breaches tied to long-known security vulnerabilities.