UK bank to pay $327 million fine for money laundering

Standard Chartered Bank has agreed to pay $327 million to settle federal and New York charges it laundered money on behalf of four countries that were subject to U.S. economic sanctions from 2001 through 2007. More on The Star.com. Standard Charter Bank PLC(STAN:London)(STAN.L)(STAN:LN), has been a Global Compact participant since 10-12-2001.

Lilly to Pay $29.4 Million to End SEC Foreign Bribe Case

Eli Lilly & Co. (LLY) agreed to pay $29.4 million to settle U.S. Securities and Exchange Commission allegations that employees of subsidiaries gave cash and gifts to officials in China, Brazil, Russia and Poland to win millions of dollars in business. More on Bloomberg. Eli Lilly & Co. is a Global Compact participant since 2009/12/02. Eli Lilly was a Gold Contributor to the Foundation for the Global Compact in 2012 and 2011.

Truck company fined for safety violations after forklift accident

The state [of North Carolina] has fined Daimler Trucks for safety violations following a forklift accident last summer. The Labor Department cited Daimler for one alleged serious violation of the Occupational Safety and Health Act of North Carolina with a total penalty of $2,750. More on wbtv.com Daimler (DAI:Xetra) (DAI:GR) was a Gold Contributor to the Foundation for the Global Compact in 2008 and LEAD contributor in 2012.

ThyssenKrupp Reshuffles Board After Losses, Corruption Case

ThyssenKrupp AG (TKA), Germany’s largest steelmaker, ousted three top executives in an effort to repair a boardroom tainted by corruption allegations and an ill-fated expansion in the Americas. More on Bloomberg. More about the corruption probe on The Local. ThyssenKrupp AG (TKA:Xetra) , (TKA.DE), (TKA:GR) is a Global Compact participant since 2011/11/04

HSBC to pay $1.9B in money laundering probe

HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday. The probe of the bank — Europe's largest by market value — has focused on the transfer of billions of dollars on behalf of nations like Iran, which are under international sanctions, and the transfer of money through the U.S. financial system from Mexican drug cartels. More on USA Today. HSBC is a Global Compact participant since 2000/11/27. HSBC (LSE:HSBA) was a Gold Contributor to the Foundation for the Global Compact in 2011 and 2012.

Workers at IKEA Greece walk out over pay cuts and individual contracts

IKEA Greece has unilaterally decided to cut wages by up to 15% and demanded employees to sign individual employment contracts to replace their collective agreement. More on Uni Global Union website. The IKEA Group is a Global Compact participant since 2004/12/27. IKEA was a Gold contributor to the Foundation for the Global Compact in 2010 and 2009.

BP To Pay Massive Fine, More To Come

Crude oil juggernaut British Petroleum (BP) is still reeling from the 2010 Deepwater Horizon spill that made headlines in early 2010. Last week, the company agreed to accept criminal responsibility for the disaster that took the lives of 11 workers and “to pay $4.5 billion in fines and restitution, the biggest penalty ever levied by the U.S. Justice Department” writes Tom Fowler. More on Seeking Alpha British Petroleum plc (NYSE:BP)(LSE:BP) (BP) is a Global Compact participant and founding father since 2000/07/26.