Welcome to the GRC Times News Digest, your trusted source for the latest in Governance, Risk, and Compliance (GRC).
This week’s highlights include several major regulatory and industry developments. The SEC has proposed new rules for board diversity reporting, requiring companies to disclose detailed information about their leadership demographics to promote transparency and inclusion. The European Union finalized its landmark AI Act, setting a new global benchmark for artificial intelligence governance with a strong focus on safety and human rights.
A major financial institution faced a hefty fine for AML compliance failures, emphasizing the importance of strong monitoring and due diligence systems. New cybersecurity compliance guidelines were also issued for critical infrastructure sectors, underscoring the need for enhanced threat detection and incident response capabilities.
In other updates, a leading tech company faces a class-action lawsuit over data privacy breaches, while new ESG reporting standards are gaining traction globally, pushing companies toward more transparent sustainability reporting. Regulators have also released new guidance on third-party risk management for cloud service providers, and organizations are preparing to meet the upcoming ISO 37001 anti-bribery standard deadline.
Additionally, financial firms are adopting new operational resilience frameworks to ensure business continuity, and the U.S. Treasury Department has announced fresh sanctions enforcement priorities targeting virtual assets and emerging technologies.
Stay informed and stay compliant with GRC Times — your weekly insight into global regulatory, compliance, and risk management trends.
