Crime : Page 163

Russian FAS names three more stevedoring companies in violating antimonopoly law

March 30, 2017 On March 24, 2017, the Federal Antimonopoly Service (FAS Russia) found that First Container Terminal, Petrolessport and Vostochnaya Stevedoring Company violated the Federal Law On Protection of Competition.

Watchdog slaps $$1.6 million fine on Lotte, Shilla duty-free shops

March 30, 2017 South Korea's corporate watchdog said that it has imposed a combined 1.8 billion-won ($$1.6 million) fine on two duty-free shop operators - Lotte and Shilla - for colluding on discount events.

Santander Consumer USA Holdings pay $2.875 million to Delaware consumers

March 29, 2017 Following an investigation by the Delaware and Massachusetts Attorney General offices into the financing and securitization of sub-prime auto loans, Santander Consumer USA Holdings has agreed to pay up to $2.875 million to harmed Delaware consumers.

Wells Fargo agrees to class-action settlement over its sales practices

March 29, 2017 Wells Fargo has reached an agreement in principle to settle a class action lawsuit concerning retail sales practices.

Deutsche Bank’s London subsidiary sentenced for manipulation of LIBOR

March 29, 2017 DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank), was sentenced today for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies.

Tesco fined £129 million by Serious Fraud Office

March 28, 2017 Tesco agreed to pay a £129 million fine to the Serious Fraud Office (SFO) and following a report that two of its largest shareholders were advising against its deal with Booker.

BT fined £42 million for cuts in broadband delay payouts

March 27, 2017 BT has been fined £42 million by regulator Ofcom for cutting compensation payouts to rivals for delays in providing high speed broadband.

$882,000 in fines for safety violations by companies in Canada

March 25, 2017 The Alaska Department of Labor and Workforce Development has issued a total of 24 citations between three different companies representing a multi-employer construction site.

Hong Kong fines Merrill Lynch in Asia $15 million

March 24, 2017 The Securities and Futures Commission (SFC) of Hong Kong has resolved its concerns with Merrill Lynch Far East Limited (MLFE) and Merrill Lynch (Asia Pacific) Limited (MLAP) over internal control failures.

CFPB fines Experian $3 million for deceiving consumers

March 24, 2017 The Consumer Financial Protection Bureau (CFPB) took action against Experian and its subsidiaries for deceiving consumers about the use of credit scores it sold to consumers.

Justice Department settles civil antitrust claim against AT&T and DirecTV

March 24, 2017 The Department of Justice announced today that it has reached a settlement that will prohibit DirecTV and its parent corporation, AT&T, from illegally sharing confidential, forward-looking information with competitors.

Record £20 million water pollution fine for Thames Water

March 24, 2017 Water company Thames Water has been fined more than £20 million in the largest freshwater pollution cause ever overseen by the UK’s Environment Agency.