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Unilever has announced that all palm oil that it purchases from 2014 will be traceable to known sources. According to Unilever, the move contributes to broader efforts to support the use of sustainable palm oil.

The United States (US) Department of Justice (DoJ) has announced that Iraq-based privately owned firm Iraqi Consultants and Constructions Bureau (ICCB) has paid US$2.7 million to settle bribery allegations.

The United States (US) Department of Justice (DoJ) has announced that Johnson & Johnson (J&J) and its subsidiaries have agreed to pay more than US$2.2 billion in what is "one of the largest [healthcare] fraud settlements in US history, including criminal fines and forfeiture ... and civil settlements with the federal government and states".

Medical Tech Firm Settles Bribery Allegations

31 Oct 2013
Written by World Watch

The United States (US) Securities and Exchange Commission (SEC) has announced that Michigan-based medical technology firm Stryker Corporation (Stryker) has agreed to pay more than US$13.2 million to settle charges that its subsidiaries bribed officials and healthcare professionals in five different countries to obtain or retain business.

€774 Million Fine for Libor Rigging

31 Oct 2013
Written by World Watch

Netherlands-based bank Rabobank Group (Rabobank) has announced that it has reached settlements with Dutch central bank De Nederlandsche Bank (DNB), the Dutch public prosecutor Openbaar Ministerie (OM), the Japan Financial Services Authority (FSA), the United Kingdom Financial Conduct Authority (FCA), the United States (US) Commodity Futures Trading Commission (CFTC) and the US Department of Justice (DoJ) that include financial penalties totaling €774 million.

Published in Financial Integrity

ATM Manufacturer Settles Bribery Allegations

24 Oct 2013
Written by World Watch

The United States (US) Department of Justice (DoJ) and the US Securities and Exchange Commission (SEC) have announced that Ohio-based automated teller machine (ATM) and bank security systems provider Diebold Inc (Diebold) has agreed to pay over US$48 million in settlement payments relating to allegations that it bribed officials and falsified documents in its business dealings with overseas banks.

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".

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