News & Analytics
FATF's June Plenary Trims the Grey List — Africa's Compliance Burden Isn't Going Away
The Financial Action Task Force closed its June 2026 plenary by removing Algeria and Namibia from its list of jurisdictions under increased monitoring, while adding Bosnia and Herzegovina and Iraq. For African compliance functions, the headline delisting matters less than what it confirms about the direction of travel.
ECB Expands Climate Risk Framework to Corporate Credit Claims
By GRC Report Staff Key Takeaways Collateral Framework Expanded: The European Central Bank will extend climate-related valuation adjustments to certain eligible credit claims owed by non-financial corporations.
Italian Competition Authority Investigates Microsoft Over Microsoft 365 AI-Linked Price Increase
The Italian Competition Authority has opened an investigation into Microsoft Ireland Operations and Microsoft, arguing that the company may have crossed that line when it increased the price of Microsoft 365 after incorporating its Copilot and Designer artificial intelligence services into the subscription.
A network that laundered more than four million euros from scams by sending the money to Nigeria falls
Spanish Police Bust €4 Million International Money Laundering Ring Bound for Nigeria. The Spanish Civil Guard has dismantled a criminal network responsible for laundering over €4 million generated through cyber fraud, CEO scams, and identity theft across Europe. The organization utilized "smurfing"—splitting large illicit funds into more than 9,200 small-wire transfers using falsified passports and stolen identities—to bypass anti-money laundering controls and funnel cash into Nigeria. The two-phase operation led to 20 arrests, investigations into 11 others, and raids targeting key leaders in Bilbao as well as several complicit money transfer agencies.
U.S. Regulators Hit UBS With $173 Million in Coordinated AML Enforcement Action
Eight years after promising regulators it would fix persistent weaknesses in its anti-money laundering controls, UBS is paying for what those regulators say it failed to finish.
FATF's June Plenary Trims the Grey List — Africa's Compliance Burden Isn't Going Away
The Financial Action Task Force closed its June 2026 plenary by removing Algeria and Namibia from its list of jurisdictions under increased monitoring, while adding Bosnia and Herzegovina and Iraq. For African compliance functions, the headline delisting matters less than what it confirms about the direction of travel.
RegTech Won't Save You From a Bad Governance Model. It Will Just Automate It Faster.
Every compliance leader I meet is being asked, in some form, what their AI strategy is. Almost none of them are being asked the more important question first: what is your governance model for the AI you already have?
The EU AI Act's August Deadline Arrives — Just Not the One Everyone Expected
High-risk AI obligations for financial services have been pushed back sixteen months. Transparency rules for chatbots and synthetic media have not moved at all — and enforcement power against general-purpose AI providers switches on this week.
Third-Party Risk Is a Board Issue Now, Not a Procurement Checklist
Outsourcing does not outsource accountability. Regulators have said this for years. Boards are only now starting to act as though they believe it.
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