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Building Organizational Integrity.

Google Inc (Google) has announced that it has amended its terms of service to allow users' "[p]rofile name, [p]rofile photo, and actions [they] take on Google or on third-party applications" to be used in "reviews, advertising and other commercial contexts".

United States (US)-based banking firm JP Morgan Chase & Co (JP) is conducting an internal review of its commercial-lending clients in a move that is expected to result in a scaling back of JP's lending to companies classified as posing a higher risk of money laundering or fraud, such as pawn shops, payday lenders, cheque cashers and some car dealers.

Published in Anti-Money Laundering

The United States (US) Department of the Treasury has made available Enforcement information for September 26, 2013 (undated), announcing that it has imposed a fine of US$750,000 on Turkey-based trading company Finans Kiymetli Madenler Turizm Otomotiv Gida Tekstil San Ve Tic (Finans) for breaching the Iranian Transactions and Sanctions Regulations (the ITSR).

Published in Anti-Money Laundering

Canada-based Four Seasons Hotels and Resorts (Four Seasons), coffee firm La Colombe Torrefaction and charitable corporations the Clinton Foundation and the Leslois Shaw Foundation have announced that Four Seasons will begin serving Haitian coffee at two of its major hotel sites in 2013 "[i]n support of Haiti's redeveloping coffee culture".

The Australian Competition and Consumer Commission (ACCC) has released Discussion paper - Review of the ACCC immunity policy for cartel conduct (30 September 2013) for public comment.

Published in Competition

The European Commission (EC) has made available The Google antitrust case: what is at stake? (1 October 2013), a transcript of a speech delivered by EC competition commissioner Joaquín Almunia to a European Parliament hearing on 1 October 2013.

Published in Competition

The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined National Australia Bank Group subsidiary Clydesdale Bank (Clydesdale) £8.9 million for "failing to inform its customers clearly of their rights after ... miscalculat[ing] the repayments on over 42,500 mortgages".

Published in Consumer Protection

Germany-based automaker Daimler has announced that the "H2 Mobility" initiative partners comprising Air Liquide, Daimler, Linde, OMV, Shell and Total have established an "action plan for the construction of a nationwide hydrogen refuelling network for fuel cell powered electric vehicles".

The United States (US) Office of the Comptroller of the Currency (OCC), the United Kingdom Financial Conduct Authority (FCA), the US Securities and Exchange Commission (SEC) and the US Federal Reserve board (FRB) have announced respectively that JPMorgan Chase & Co (JP) has agreed to pay US$300 million, £137,610,000 (US$220 million), US$200 million and US$200 million as part of a global settlement in relation to the so-called London Whale trades.

Published in Financial Integrity

The United Kingdom Financial Conduct Authority (FCA) has announced that it has fined ICAP Europe Ltd (ICAP) £14 million in the first penalty to be handed to a brokerage firm in relation to manipulation of the benchmark interest rate known as Libor.

Published in Financial Integrity

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