Browsing Tag
corporate crime
New USDA rule boosts “organic” food oversight, targets fraud
The Associated Press
The Agriculture Department on Thursday issued new requirements for foods labeled organic, a move aimed at cracking down on fraud and boosting oversight.The rule strengthens…
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
Photo:
Dado Ruvic/REUTERS…
Canada Looks Poised to Pass Law on Forced Labor
Canada could require that companies report on their efforts to stop goods made with forced labor from entering their supply chains, adding to momentum among Western governments to tackle the practice.Pending legislation would compel many…
Sam Bankman-Fried Says Law Firm Worked Closely With FTX Before Bankruptcy
Sam Bankman-Fried
said cryptocurrency exchange FTX had a closer relationship than previously disclosed with its bankruptcy law firm Sullivan & Cromwell LLP, adding to questions…
U.S. Bars Imports From Three Companies, Citing Possible Use of Forced Labor
U.S. Customs and Border Protection has barred imports from three companies, including a supplier to Western apparel companies, that the agency says could be using North Korean forced labor.
As part of a…
Honeywell Strikes $203 Million Settlements Over Brazil, Algeria Bribery
The settlements involve UOP, a subsidiary of Honeywell that manufactures catalysts used to refine oil.…
Former Theranos COO Sunny Balwani sentenced to nearly 13 years in prison
Sunny Balwani, former president of Theranos Inc., arrives at federal court in San Jose, California, on Wednesday, Dec. 7, 2022.David Paul Morris | Bloomberg | Getty ImagesFormer Theranos chief operating officer and president Ramesh "Sunny"…
U.S. Watchdog Sanctions KPMG Firms, Audit Professionals
The U.S. audit watchdog sanctioned three firms and four audit professionals from KPMG’s global network for alleged misconduct such as failing to cooperate with an inspection and cheating on training exams. The Public Company Accounting…
FTX Hires Ex-Regulators to Investigate Firm’s Collapse
Cryptocurrency exchange FTX, whose recent collapse has led to questions about lacking regulatory oversight, has hired a fitting team to help untangle the mess: former senior U.S. regulators.In its first hearing in Delaware bankruptcy court…