GRC Report Staff

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.

Live Nation Entertainment, the powerhouse behind Ticketmaster, has agreed to a $20 million settlement over accusations made by its shareholders. The settlement, still subject to court approval, comes as part of a class action lawsuit that claims the company misled investors about its competition strategies and potential antitrust risks—allegations that have been hanging over the company like a storm cloud.

The Financial Crimes Enforcement Network (FinCEN) has just issued an interim final rule that revises key aspects of the Corporate Transparency Act. As of now, U.S. companies and U.S. persons will no longer need to report their beneficial ownership information (BOI) to FinCEN. Instead, the new focus is squarely on foreign companies doing business in the United States, with a clearer framework that streamlines compliance requirements.

Over the weekend, DNA testing giant 23andMe made a staggering announcement that it was filing for Chapter 11 bankruptcy. While the company has certainly faced its fair share of challenges, the core issue here is far from just bad business decisions. At the heart of this struggle lies the fallout from a devastating data breach, which serves as a painful reminder of just how costly cybersecurity risks can be.

UK competition watchdog fines BT, IMG, ITV, and BBC £4.2M for illegal coordination of freelancer pay rates in sports production. Sky avoided penalties as a whistleblower, while the investigation revealed deliberate wage suppression for freelancer workers such as camera operators, sound staff, and production directors.

The UK’s Serious Fraud Office (SFO), France’s Parquet National Financier (PNF), and the Office of the Attorney General of Switzerland (OAG) have announced the creation of a new alliance aimed at strengthening efforts to tackle international bribery and corruption. This new partnership, unveiled at a press event in London today, marks a significant step forward in global cooperation to combat financial crime.

Today, the European Banking Authority (EBA) took a step forward in tracking climate-related risks within the EU banking sector. With the release of its new climate risk monitoring dashboard, the EBA is shedding light on just how exposed European banks are to the changing climate landscape—and how well prepared they are to manage the financial implications.