3M tops U.S. corporate penalties list with $18.7B in fines over four years, survey says
The 3M Company paid more than $18.7 billion in penalties over four years, more than any other major U.S. company tracked in a new survey.
Corporations were issued more than 180,000 fines in the U.S. totaling $354 billion between 2020 and 2024, according to The Protecht Group, which conducted the survey, using state and federal data from the Good Jobs First Violation Tracker.
The 3M Company paid 48 fines during the four years, including one for $12.5 billion in 2024, related to allegations that its PFAS chemicals contaminated the drinking water of thousands of people. The 3M Company paid $6 billion in 2023 to settle allegations that its earplugs failed to protect the hearing of hundreds of thousands of servicemembers.
THIS IS MEMBERS-ONLY CONTENT
You are not logged in and do not have access to members-only content.
If you are already a registered user or a member, SIGN IN now.
Related articles
-
ArticleTough reporting rules makes compliance key issue for chemicals industries
Wide-ranging and overlapping regulations across multiple jurisdictions present potentially massive compliance headaches for companies working in the chemicals industry, especially as regulators increasingly focus on environmental reporting linked to the lifecycle of some products.
-
News BriefInteractive Brokers to pay $11.8M to settle thousands of U.S. sanction violations
A brokerage and investment firm will pay $11.8 million for providing services to individuals under U.S. sanctions, as well as people located in countries sanctioned by the U.S.
-
ArticleDAG Blanche says DOJ’s new priorities doesn’t indicate pullback on white collar crime
The Department of Justice has refocused its white collar crime priorities on prosecuting the worst cases of corporate misconduct while also clearing away unnecessary and burdensome regulation that could “strangle” American business, Deputy Attorney General Todd Blanche said.
More from Survey Reports
-
SurveyCW survey: Compliance teams struggling with AI implementation and trust issues
As companies push employees to use Artificial Intelligence tools to boost efficiency, many organizations are encountering challenges in implementing the technology. A new Compliance Week and konaAI survey found that the most common obstacles were practical and operational issues tied to existing compliance infrastructure.
-
ArticleCW survey: Compliance is adopting AI tools, but governance and controls lag
More than 83 percent of respondents to a new Compliance Week and konaAI survey report using artificial intelligence (AI) but only about 25 percent say their organizations have implemented a strong governance framework.
-
ResourceSurvey Report: CW survey finds compliance teams struggling to scale due diligence beyond direct vendors
Compliance and risk professionals surveyed about their third-party due diligence programs report growing strain as organizations manage larger vendor ecosystems with limited resources and rising regulatory expectations.