Companies are anticipating business upsides as they prepare to comply with the European Union's Corporate Sustainability Reporting Directive (CSRD), even as they grapple with major operational hurdles, according to a new global survey by PwC.
The Council of the European Union has adopted its negotiating stance on proposed EU legislation aimed at combating greenwashing and ensuring environmental marketing claims about products and services are accurate and verifiable.
The Commodity Futures Trading Commission has ordered Trafigura Trading LLC, a major global commodities merchant, to pay $55 million to settle charges of fraud, market manipulation, and impeding communications with the agency.
Guidehouse Inc. and its subcontractor Nan McKay and Associates have agreed to pay $11.3 million to resolve allegations that they violated the False Claims Act by failing to meet cybersecurity testing requirements for a system used to process pandemic rental assistance applications in New York.
The Office of the Comptroller of the Currency (OCC) took a series of enforcement actions against national banks, federal savings associations, and individuals formerly affiliated with OCC-supervised institutions, according to details released by the regulator on Friday.
According to the Safety and Shipping Review released for 2024 by Allianz Commercial, a company under the umbrella of German-based Allianz Group, Losses of large shipping vessels achieved a record low with 26 losses last year. This a drastic improvement from three decades ago, and even shows significant growth within the last decade. This was accomplished in spite of the tumultuous environment the shipping business operates in and the additional challenges it has faced in recent years.
GlobaLink Securities Inc., a broker-dealer based in Pasadena, California, has agreed to pay a $200,000 fine and make restitution of nearly $400,000 to customers to settle charges by the Financial Industry Regulatory Authority (FINRA) related to unfair pricing and best execution practices.