The Annual Report 2012 (undated - French language version available only) (the report) recently released by France's financial intelligence unit Traitement du renseignement et action contre les circuits financiers clandestins (Tracfin) advises firms to increase vigilance in selling vineyards to Chinese, Russian and Ukrainian buyers.
New Zealand-based dairy firm Fonterra Cooperative Group (Fonterra) chief executive Theo Spierings has apologised at a press conference regarding unfolding developments surrounding the discovery of bacteria with the potential to cause botulism that may have contaminated vast volumes of Fonterra products sold across seven countries.
Former Goldman Sachs Group Inc (GS) trader Fabrice Tourre has been found guilty of breaching United States federal securities law by aiding and abetting Goldman's fraud and intentionally misleading investors in relation to the Abacus 2007-AC1 synthetic collateralised debt obligation.
Johnson & Johnson (J&J) has been ordered by the Higher People's Court of Shanghai to pay RMB530,000 (approximately US$87,000/€65,000) in damages to a China-based distributor for breaches of China's anti-monopoly law in relation to setting minimum prices to be charged by its distributors for surgical sutures.
The United States Department of Justice (DoJ) has submitted a proposal to address Apple Inc's (Apple) anticompetitive conduct, as well as "restore lost competition and prevent a recurrence of the illegal activities" in the market for e-books.
A United States (US) Federal Court judge has approved a US$590 million payment by bank Citigroup Inc (Citi) to settle a shareholder suit that accused Citi of covering up its exposure to "toxic" securities called collateralised debt obligations that were connected to mortgage investments.
The United States (US) Attorney's Office for the Southern District of New York (USAO SDNY) has announced that Liechtenstein-based bank Liechtensteinische Landesbank (LLB) is to pay over US$23.8 million to settle claims that it opened and maintained bank accounts for US taxpayers in order to assist them in evading tax payments and filing false tax returns with the US Internal Revenue Service (IRS).
The United States (US) Department of the Treasury Office of Foreign Assets Control (OFAC) has made available Enforcement information for July 19, 2013 (undated) in respect of alleged breaches of the Iranian Transactions and Sanctions Regulations. According to OFAC, over a four month period in 2008, Stanley Drilling Equipment and Supply Inc (Stanley Drilling) exported two shipments to the value of US$93,329 to the United Arab Emirates with reason to know that they were intended for supply to an oil drilling rig in Iranian waters.
The European Commission (EC) has announced that it has adopted a decision that renders legally binding the proposed commitments (16 April 2013) offered by publisher Penguin in relation to the pricing of e-books in the European Union.