This blog provides information on how U.N. Global Compact participants' walk the talk. The GC is a voluntary initiative at the strategic level to engage businesses towards sustainability principles. There is however a risk of 'blue-washing' by covering up corporate misbehaviour and law infringement from large MNEs through poorly enforced 'Integrity Measures' and weak U.N supervision. Let's 'WE', civil society stay tuned!
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Thursday, June 20, 2013
Deloitte fined $US10m in laundering case
BIG accountancy firm Deloitte was fined $US10 million by New York State overnight for its actions in advising Standard Chartered Bank over money laundering.
Read more on news.com.au
Deloitte Touche Tohmatsu Limited is one of the Global Compact Founding Fathers. Deloitte has signed the CEO Letter on UN Convention against Corruption. It is high profile member of the Working Group on the 10th Principle. The company is a 15000 USD Contributor to the Foundation for the Global Compact in 2013, was a Gold contributor (10000 USD) in 2012.
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