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TransCanada Releases 2013 CSR Report

12 Jun 2014
Written by World Watch

TransCanada Corporation (TransCanada) has made available its 2013 Corporate Social Responsibility Report (undated). The report is structured around ten focus areas, including ethical conduct, health and safety, protecting communities, environmental protection and Aboriginal, Native American and Indigenous peoples.

The United States Equal Employment Opportunity Commission (EEOC) has announced that SPOA, LLC and Marathos, LLC, which run a number of Basta Pasta restaurants, have agreed to pay US$200,000 to settle sexual harassment charges, and will additionally provide further "significant" equitable relief.

The United States Equal Employment Opportunity Commission (EEOC) has announced that it has charged Wisconsin Plastics, Inc (WPI) with violations of Title VII of the Civil Rights Act of 1964, which relates to discrimination based on national origin. Specifically, the EEOC has alleged that WPI fired a group of employees with Hispanic or Hmong origins after they underwent ten-minute observations of their English skills.

Bank Pays for Failure to Act on Harassment Claims

12 Jun 2014
Written by World Watch

The United States Equal Employment Opportunity Commission (EEOC) has announced that SunTrust Bank (SunTrust) has agreed to pay US$300,000 to settle sexual harassment charges.

The United States Department of Justice (DoJ) has announced that former Arthrocare Corporation chief executive officer Michael Baker and the company's former chief financial officer Michael Gluk have been found guilty of a series of fraud-related charges that resulted in financial losses of more than US$400 million.

Published in Financial Integrity

77,000 Take Up FATCA Reporting

05 Jun 2014
Written by World Watch

The United States Internal Revenue Service (IRS) has launched FATCA Foreign Financial Institution (FFI) List Search and Download Tool, a website which hosts a searchable list of financial institutions registered, accepted and assigned a Global Intermediary Identification Number in accordance with Foreign Account Tax Compliance Act (FATCA) regulations.   

The Associated Press (AP) reports that 77,000 banks worldwide have agreed to share data with the United States Internal Revenue Service to assist it in offshore tax evasion investigations. The agreements will reportedly assist the IRS to enforce the Foreign Account Tax Compliance Act. Deloitte Tax LLP representative Denise Hintzke reportedly stated that the strong uptake indicated that financial institutions "are taking [FATCA] pretty seriously and intend to comply".

AP: 77,000 foreign banks to share tax info with IRS (2 June 2014)
(Source: IRS; AP)

Published in Financial Integrity

The United States Equal Employment Opportunity Commission (EEOC) has announced that Lifecare Medical Services, Inc (LMS) has agreed to resolve a disability discrimination lawsuit brought against it by paying US$72,500 to the alleged victim. According to the EEOC, LMS breached the Americans With Disabilities Act (ADA) when it dismissed employee John Adair, who had made a reasonable accommodation request related to his medical condition.

Working mothers employed by Walmart in the US have held a series of strikes, with more expected in at least 20 cities, to protest over wages and working conditions. The strikes were reportedly prompted by think tank Demos's investigation and report, Retail's Choice: How raising wages and improving schedules for women in the retail industry would benefit America (undated), and recent news that Walmart executives received US$104 million in taxpayer funded subsidies over six years.

BNY Mellon Releases CSR Report

05 Jun 2014
Written by World Watch

BNY Mellon has made available its Corporate Social Responsibility [(CSR)] 2013 Report (undated), which details the organisation's approach to CSR and its progress towards its CSR goals during the calendar year 2013.

Wells Fargo has submitted a settlement agreement worth US$62.5 million to the US District Court in St Paul, Minnesota, which would settle a lawsuit initiated by approximately 100 investors who claim that they were misled by the bank's advertising in relation to certain securities lending programs.

Published in Consumer Protection

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