GRC Report Staff

This week, the Department of Justice (DOJ) announced two settlements involving False Claims Act (FCA) violations. Evolutions Flooring, a California-based importer, and Seoul Medical Group, a healthcare provider, will pay a combined total of over $70 million to resolve allegations of fraudulent activity. These settlements highlight the DOJ's ongoing efforts to enforce compliance and hold companies accountable for misrepresentations made to the U.S. government.

The General Court of the European Union has handed down a ruling on the high-profile cartel case in the European Government Bonds (EGBs) market, and while it’s largely business as usual for most of the banks involved, there’s a bit of a twist. While the court mostly upheld the European Commission’s 2021 decision, it did make some adjustments, particularly when it comes to the fines imposed on UniCredit and Nomura.

The U.S. Securities and Exchange Commission (SEC) is signaling a return to its traditional enforcement focus as it adjusts to new leadership. According to a report from Reuters, Sam Waldon, the SEC's acting enforcement director, made clear during a securities industry event on Monday that the agency under its new direction will zero in on more familiar ground—areas like insider trading, fraud targeting the elderly, and issues around accounting and disclosure violations.

The Danish Data Protection Authority (Datatilsynet) has just dropped its annual report for 2024, offering a peek behind the curtain at what the agency has been up to, what it's accomplished, and what lies ahead. It's a mix of victories, learning moments, and the usual data protection headaches we’ve all come to know in this ever-evolving digital world.

If you’ve been keeping an eye on the news, it might feel like corporate sustainability is in trouble. Stories about companies walking back their climate commitments seem to be everywhere—fueled by a mix of economic strain, shifting regulations, and political uncertainty. It’s easy to get the impression that businesses are losing their nerve when it comes to climate action.

Robinhood may have expected a slam dunk with its new prediction markets hub, but now it’s drawing full-court press from Massachusetts regulators. The popular trading app is under investigation by the office of Massachusetts Secretary of the Commonwealth Bill Galvin, after launching a new feature that lets users bet on the outcomes of events—starting with NCAA March Madness basketball games. The hub, which went live on March 17, invites users to buy and trade contracts tied to the likelihood of specific outcomes, from sports scores to Fed interest rate decisions.

As the world continues to grapple with a rapidly changing geopolitical landscape and the persistent threat of cyber attacks, financial institutions in Denmark are facing a unique set of challenges. While these concerns are growing, one thing is clear—confidence in the stability of Denmark’s financial system remains remarkably high. A recent survey conducted by the Danish Financial Supervisory Authority (Finanstilsynet) shows that geopolitical issues and cyber risks are at the top of the list for what’s keeping Denmark’s financial firms awake at night.