Chemours, DuPont and Corteva have agreed to pay $455 million over 15 years to settle a collection of North Carolina lawsuits over PFAS contamination, resolving claims that reach back through years of discharges from Chemours’ Fayetteville Works facility and extend to contamination the state says originated elsewhere.
There is a strange rule in compliance: when something goes wrong, organizations add a control. A regulator raises a concern? Add a control. An auditor finds a weakness? Add another. A cyberattack happens? Add three. A new framework arrives? Someone opens a spreadsheet. Nobody ever gets celebrated for deleting one.
Dompé has agreed to pay $32 million to resolve allegations that it used patient assistance foundations to cover Medicare beneficiaries’ co-pays for Oxervate, its prescription drug, turning what appeared to be charitable assistance into what federal authorities alleged were unlawful inducements to purchase the company’s product.
Australia’s financial intelligence regulator has removed 45 remittance and virtual asset businesses from its registers over the past year, an unusually broad sweep through parts of the financial system where money can move quickly, cross borders easily and, when controls fail, become difficult to follow.
Global payment processor Nuvei has agreed to pay $4.85 million to settle Federal Trade Commission allegations that it provided payment services to merchants it knew or should have known were engaged in deceptive activity, including tech-support scams targeting U.S. consumers.
The UK’s Financial Reporting Council set out a revised approach to regulation Thursday that places greater emphasis on economic growth, proportionate oversight and earlier engagement with firms, as the regulator looks to make its supervision more responsive without loosening standards across audit, corporate reporting and governance.
Poland’s competition and consumer protection authority is examining whether some of the world’s largest consumer-goods manufacturers are doing enough to tell shoppers when that happens. The President of UOKiK has opened preliminary investigations involving Danone, Mondelez, Nestlé and Unilever, focusing on products whose weight, volume or quantity has been reduced while the packaging around them may give little indication that anything is different.