Crime : Page 180

Australian court fines Sino Australia Oil and Gas and disqualifies former chairman

December 10, 2016 The Federal Court of Australia has ordered that Sino Australia Oil and Gas Limited (in liquidation) (Sino) pay a pecuniary penalty of $800,000 and its former chairman, Tianpeng Shao, be disqualified from managing corporations for a period of 20 years.

Interpark of South Korea hit with record penalty for data breach

December 8, 2016 Interpark, a leading e-commerce site in Korea, faces a 4.5 billion won ($3.9 million) fine for a data breach in May.

First charges against Bumble Bee Foods executive for price fixing

December 8, 2016 The current senior vice president of sales of a packaged seafood company has agreed to plead guilty for his role in a conspiracy to fix the prices of packaged seafood such as canned tuna sold in the United States, the Department of Justice announced.

European regulators fine three banks $520 million

December 7, 2016 European Union regulators fined PMorgan Chase, HSBC and Credit Agricole a combined $520 million for colluding to manipulate the price of financial products linked to interest rates.

CMA fines Pfizer and Flynn record £90 million for drug price hike

December 7, 2016 The Competition and Markets Authority (CMA) has imposed a record £84.2 million fine on the pharmaceutical manufacturer Pfizer, and a £5.2 million fine on the distributor Flynn Pharma.

BMW Australia ordered to pay tens of millions of dollars to misled customers

December 6, 2016 ASIC has accepted an Enforceable Undertaking (EU) from car financier, BMW Australia Finance, which will see the company implement Australia's largest consumer credit remediation program to compensate customers for its responsible lending failures.

Kiev court charges Gazprom $3.3 billion in penalty fees

December 6, 2016 The Kiev Commercial Court has ruled in favor of the Ukraine’s Antimonopoly Committee (AMCU) lawsuit against Gazprom.

FINRA fines Credit Suisse Securities USA $16.5 million

December 6, 2016 The Financial Industry Regulatory Authority (FINRA) has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations.

Former Expedia’s IT specialist settles charges of insider trading

December 6, 2016 The Securities and Exchange Commission (SEC) announced insider trading charges against a San Francisco-based information technology specialist who allegedly hacked senior executives at online travel company Expedia and illegally traded on company secrets.

RBS settles with shareholder groups for $1.02 billion

December 5, 2016 Royal Bank of Scotland Group (RBS) will pay up to GBP800 million ($1.02 billion) to settle claims with shareholder groups.

EPA requires Canyon Plastics protect Santa Clara River from pollution

December 5, 2016 The U.S. Environmental Protection Agency (EPA) has reached an agreement with Canyon Plastics to resolve federal Clean Water Act violations.

United Airlines settles with SEC, will pay $2.4 million

December 5, 2016 The U.S. Securities and Exchange Commission (SEC) announced that the parent company of United Airlines has agreed to pay $2.4 million.