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Google Served a Warrant in Money Laundering Probe

23 Jul 2014
Written by World Watch

The United States District Court for the Southern District of New York has made available US Magistrate Judge Gabriel Gorenstein's Memorandum Opinion (18 July 2014) in the matter of an application seeking a warrant to obtain emails from a Google-hosted "Gmail" webmail account. The application also sought to permit a search of those emails as part of an investigation into possible money laundering-related and similar offences.

Published in Anti-Money Laundering

The New York State Department of Financial Services (NYDFS) has released Proposed New York Codes, Rules and Regulations on virtual currencies (undated) (the Proposed Rules) for public comment.

Published in Anti-Money Laundering

United States treasury bureau the Financial Crimes Enforcement Network (FinCEN) has announced its decision to name FBME Bank Ltd (FBME) "a foreign financial institution of primary money laundering concern pursuant to [s.] 311 of [the USA PATRIOT Act]".

Published in Anti-Money Laundering

A jury in the United States state of Florida has ordered R.J. Reynolds Tobacco Company to pay a surviving spouse US$23 billion in punitive damages for the deceased's death.

The United States Federal Trade Commission (FTC) has made available Agreement containing Consent Order (undated), under which it is proposed that plastic lumber company Engineered Plastics Systems (EPS) settle allegations that it "ma[de] deceptive claims in its advertising and marketing material".

Published in Consumer Protection

The United States Department of Justice (DoJ) and Environmental Protection Agency (EPA) have jointly announced that Allete Inc (Minnesota Power) has agreed to spend more than US$500 million implementing pollution reduction measures at its coal-fired power plants in order to settle air pollution claims.

Insider Trading Charges Settled for US$2 Million

23 Jul 2014
Written by World Watch

The United States Securities and Exchange Commission (SEC) has announced that Cedric Cañas Maillard has agreed to pay almost US$2 million to settle charges that he traded on inside information in advance of a public announcement about a proposed acquisition for which [Spanish investment bank Banco Santander, at which he was a senior official,] was acting as an adviser".

Published in Insider Trading

The United States Securities and Exchange Commission (SEC) has ordered (14 July 2014) Ernst & Young (EY) to pay more than US$4 million to settle charges that it breached auditor independence rules.

Published in Conflicts of Interest

The United States Equal Employment Opportunity Commission (EEOC) has published Enforcement Guidance on Pregnancy Discrimination and Related Issues (14 July 2014), with accompanying questions and answers and a fact sheet for small businesses (both undated).

The United States Department of Labor's wage and hour division (WHD) has announced that recruitment agency B&D Contracting has agreed to pay 1,543 current and former welders, pipe fitters and shipfitters a total of US$1,660,438 in backwages after denying them overtime compensation as a result of "improper pay and record-keeping practices".

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