By
Adrianne Appel2024-07-30T12:52:00
Global shipping giant Maersk Line Limited (MLL) agreed to pay more than $700,000 and reinstate a seaman who was terminated after he alerted a federal regulatory agency about alleged safety violations, the U.S. Department of Labor’s Occupational Safety and Health Administration (DOL-OSHA) said.
The DOL ordered MLL to pay nearly $458,000 in back wages, interest, and compensatory damages, along with $250,000 in punitive damages, the agency said in a press release July 19.
The company must revise its whistleblower policy to make clear that employees can bring concerns directly to federal agencies, according to a July 15 settlement agreement.
2024-07-03T18:17:00Z By Ruth Prickett
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
2023-12-11T19:27:00Z By Kyle Brasseur
Five agencies of the U.S. government combined to issue best practices guidance for entities in the maritime and other transportation industries to help reduce risk of sanctions and export control violations and evasion efforts.
2021-04-27T15:25:00Z By Jaclyn Jaeger
A month has gone by since a 1,300-foot cargo ship ran aground and blocked one of the busiest waterways in the world. For many industries, the ripple effects will continue to batter global supply chains for weeks to come, absent having in place a sound supply chain risk management program.
2025-12-11T21:18:00Z By Ruth Prickett
Global organised crime is booming, and only 1 to 2 percent of the $4 trillion black economy is intercepted, according to figures from the Financial Action Task Force. Its new guidance suggests that countries should focus on rapid investigations, collaborative intelligence gathering, and confiscating the proceeds of criminal activity.
2025-12-11T21:14:00Z By Oscar Gonzalez
Paxful, a crypto peer-to-peer network, will plead guilty to multiple federal criminal charges related to violations of the Bank Secrecy Act (BSA), among others. The plea agreement follows years of scrutiny from regulators over anit-money laundering (AML) compliance failures.
2025-12-09T20:40:00Z By Ruth Prickett
A compliance officer is facing charges for laundering $7 million in a complex legal case in Switzerland. Swiss prosecutors have charged Credit Suisse, and one of its former employees, with failing to maintain adequate controls.
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