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The United States (US) Department of Justice (DoJ) has made available the testimony (8 April 2014) of Attorney General Eric Holder before the House of Representatives Committee on the Judiciary. Mr Holder discusses, among other things, the emergence of virtual currencies such as Bitcoin, commenting that they "pose challenges for law enforcement given the appeal they have among those seeking to conceal illegal activity".

Published in Anti-Money Laundering

The United States (US) Department of Labor Occupational Safety and Health Administration (OSHA) has announced that real estate developer Olivet Management (Olivet) faces more than US$2.3 million in proposed fines after having been cited for "exposing [Olivet] employees, as well as employees for 13 contractors, to asbestos and lead hazards during cleanup operations in preparation for a tour of [an Olivet-managed site] by potential investors".

The United States (US) Equal Opportunity Commission (EEOC) has announced that WW Group Inc (Weight Watchers) is to pay US$45,000 and furnish other relief to settle claims that one of its offices breached US federal law by "refus[ing] to hire an applicant as a group leader because she was pregnant".

The United States (US) Environmental Protection Agency (EPA) has announced that Anadarko Petroleum Corp (Anadarko), Anadarko subsidiary Kerr-McGee Corp (Kerr-McGee) and Kerr-McGee affiliates have agreed to pay US$5.15 billion, including approximately US$4.4 billion to fund environmental clean-up activities and for environmental claims, to settle a fraudulent conveyance case.

The United States Federal Trade Commission (FTC) has announced that it has approved Decision and Order (3 April 2014), which "settl[es] charges that [NEW Plastics Corp (NEW)] ... misled consumers and distributors about the recycled content, post-consumer recycled content, and recyclability of its products".

Published in Consumer Protection

The United States (US) Securities and Exchange Commission (SEC) has announced that it has collected additional funds in one of the first cases opened under its whistleblower program, which will provide a further payment of US$150,000 for the program's first award recipient.

Firm Fined for Inadequate AML Compliance Program

09 Apr 2014
Written by World Watch

The United States (US) Financial Industry Regulatory Authority (FINRA) has made available Letter of acceptance, waiver and consent (28 February 2014) submitted by Gilford Securities and accepted by FINRA on 3 April 2014.

Published in Anti-Money Laundering

The United States (US) Securities and Exchange Commission (SEC) has announced that it has reached settlements with the following individuals (both filed 31 March 2014) in separate insider trading cases:

Published in Insider Trading

Tobacco Company Reports on Labour Practices

03 Apr 2014
Written by World Watch

Tobacco company Philip Morris International (PMI) has released its Progress Report 2013 - Agricultural Labor Practices (undated), which details PMI's progress in implementing its agricultural labour practices (ALP) program, launched in 2011, that aims to "progressively eliminate child labor and other labor abuses found on all farms where [PMI] source[s] tobacco".

Marvell Technology Group Ltd (Marvell) has announced that it intends to appeal the United States (US) District Court for the Western District of Pennsylvania judgment, handed down on 31 March 2014, in a patent-related dispute brought by Carnegie Mellon University (CMU) against Marvell.

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