- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2024-03-28T12:22:00
The Department of Labor (DOL) ordered Tennessee-based Tuff Torq Corp. to pay nearly $1.8 million over alleged child labor violations.
The DOL’s Office of the Solicitor secured a federal consent judgment mandating the power equipment manufacturing company cease its illegal employment of children, adhere to federal child labor laws, and pay a nearly $300,000 penalty and $1.5 million in disgorgement, the agency announced in a press release Monday.
The action, filed in U.S. District Court for the Eastern District of Tennessee on Friday, addressed Tuff Torq’s employment of 10 children subjected to oppressive child labor, the DOL said. Tuff Torq supplies major companies including John Deere, Toro, and Yamaha.
2024-05-31T18:41:00Z By Aaron Nicodemus
The Department of Labor sued three Alabama businesses, including a Hyundai Motor manufacturing plant, for employing a 13-year-old worker on an auto parts assembly line.
2024-03-18T13:20:00Z By Aaron Nicodemus and Adrianne Appel
Rooting out potential child or forced labor violations in your company’s supply chain can have benefits beyond protecting reputation and being ethically sound. The process can also help your firm comply with pending child labor laws in other jurisdictions.
2024-03-12T16:56:00Z By Adrianne Appel
The Department of Labor has stepped up its enforcement of child labor law amid a concerning rise in child labor exploitation, yet the agency acknowledges its resources are not great enough to be a significant deterrent for such misconduct.
2025-06-11T15:12:00Z By Adrianne Appel
The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.
2025-06-07T01:41:00Z By Oscar Gonzalez
The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.
2025-06-04T15:24:00Z By Ruth Prickett
Up to 25,000 people a year in the U.K. are illegally promoting financial products or offering financial advice on social media, but none have yet appeared in court, according to the first Treasury Select Committee meeting on the subject of so-called “finfluencers.” Regulated financial services firms must comply with strict ...
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