GRC Report Staff

The Bundeskartellamt has imposed fines totaling approximately €60.3 million on companies it says spent nearly a decade deciding among themselves who would win contracts before public authorities had finished inviting bids. The authority concluded that the firms divided customers, coordinated prices, and exchanged cover bids in the market for Dünne Asphaltdeckschichten in Kaltbauweise, or DSK, a cold-applied asphalt surfacing technique widely used to extend the life of roads.

When Rome awarded contracts to Bird, Dott, and Lime to operate shared e-bikes and e-scooters across the city, the companies promised something beyond simply making vehicles available. Holders of the annual Metrebus public transport pass would also receive packages of free rides, extending the reach of the city's transit network beyond the bus stop or train station. It was one of the commitments that helped secure the concession.

The Malta Financial Services Authority has published a new strategy for financial crime compliance, and what stands out is not what it asks firms to do differently today. It is how the regulator intends to supervise them tomorrow.

The bids arriving in Australia's wholesale electricity market increasingly have no trader behind the keyboard. They are generated by software following predefined instructions, often reacting to changing market conditions before a person has time to intervene. The technology has become common enough that the Australian Energy Regulator decided it was time to address not the software itself, but the responsibilities that survive its use.

The Justice Department says Complete Health Partners Holdings crossed the line between documenting illness and manufacturing reimbursement. The Jacksonville, Florida-based management services organization has agreed to pay $14.1 million to resolve allegations that it caused false diagnosis codes to be submitted to inflate Medicare Advantage payments between 2020 and 2023. The settlement resolves claims brought under the False Claims Act and does not include an admission of liability.

The U.S. Securities and Exchange Commission has secured a default judgment against Adamant Stone Limited after alleging the purported investment adviser built its regulatory profile on claims it could not support.

On Aug. 2, the European Commission's AI Office, working alongside national authorities, began enforcing key provisions of the AI Act. The same date also marked the start of new transparency obligations requiring certain AI systems to disclose when users are interacting with artificial intelligence rather than a human being. AI-generated or AI-altered content must now carry machine-readable markers that make it easier to detect, while deepfakes (images, audio, or video) must be clearly labeled.