SAI Global GRC Community

GRC COMMUNITY
Building Organizational Integrity.
News >> Global

Shark Fins Face Fewer Flying Options

26 Jun 2013
Written by World Watch

Korean Air Lines Co (Korean Air) has announced that it has been refusing to transport all shark fins since March 2013, in a move it described as a concerted effort to protect certain endangered species.

The United Kingdom Information Commissioner's Office (ICO) has made available an enforcement notice (11 June 2013) requiring Google Inc (Google) to destroy discs containing personal data which were mistakenly collected by Google's Street View vehicles.

Founders of fashion label Dolce and Gabbana (D&G), Domenico Dolce and Stefano Gabbana, have been convicted of tax evasion to the sum of approximately €1 billion. Reportedly, Mr Dolce and Mr Gabbana sold the D&G label to a holding company in 2004 so that they would not have to make tax declarations on royalties.

Published in Financial Integrity

The United States (US) Department of the Treasury has made available enforcement information for 12 June 2013, which states that ATP Tour Inc (ATP) has agreed to pay US$48,600 to settle alleged violations of the Iranian Transactions and Sanctions Regulations (the ITSR).

Published in Anti-Money Laundering

Retailer Target Australia Pty Ltd (Target) has offered to settle claims brought by United States based Estée Lauder subsidiary Make-Up Art Cosmetics (MAC) that it sold counterfeit MAC products at 40% less than the price of legitimate goods during 2012.

Published in Consumer Protection

Happy Birthday Song Centre of Copyright Dispute

19 Jun 2013
Written by World Watch

United States (US) based film production company Good Morning to You Productions has launched a class-action lawsuit in the US Federal Court against the copyright owner of the happy birthday song, Warner/Chappell Music Inc (Warner/Chappell), seeking a declaration that the song be in the public domain and that Warner/Chappell return "millions of dollars of unlawful licensing fees" it has received for reproductions and public performances of the song.

Apple Inc (Apple) has joined other global technology companies including Facebook and Microsoft in revealing details of secret Court Orders requiring it to disclose its customers' information to United States (US) authorities, following recent revelations regarding the collection of user data from private companies under the US National Security Agency's "Prism" program.

The United States (US) District Court for the Eastern District of Michigan has dismissed Netherlands-based automaker Spyker NV's (Spyker) allegations (2 August 2012) that General Motors Company Inc (GM) bankrupted Spyker subsidiary Saab Automobile (Saab) by blocking Spyker's sale of Saab to Zhejiang Youngman Lotus Automobile Co (Youngman) with the intention of eliminating Saab from the market.

Published in Competition

Electric vehicle manufacturers are planning to offer Canadian consumers competitive prices and deals following the market's growth both in terms of demand and its number of participants, ahead of the commencement of the proposed Regulations Amending the Passenger Automobile and Light Truck Greenhouse Gas Emission Regulations in 2017.

Published in Competition

World Bank president Jim Yong Kim has addressed the International Economic Forum of the Americas 2013 Conference of Montreal, stating the imperative for "Canadian and other international firms to invest in the developing world". Reportedly, Mr Kim pointed out that Canada's mining industry played a key role in such investment, with approximately 60% of mining investment in Latin America coming from Canadian companies.

© 2013 SAI Global Limited ABN 67 050 611 642

Login

LOG IN

Register

User Registration
or Cancel