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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-28T19:32:00
The Department of Homeland Security (DHS) designated three companies to a growing list accused by the Biden administration of forced labor practices in the Xinjiang region of China.
In accordance with the Uyghur Forced Labor Prevention Act (UFLPA), an interagency task force was formed with the DHS as chair. The Forced Labor Enforcement Task Force now has designated 27 companies in China. The DHS published the revised UFLPA entity list as an appendix in a Federal Register notice Wednesday.
Goods produced by Xinjiang Zhongtai Group, Xinjiang Tianshan Wool Textile, and Xinjiang Tianmian Foundation Textile will be restricted from entering the United States, the DHS said in a press release Tuesday. The three companies combine to produce, manufacture, and sell textile, chemical, and building materials, including cashmere, wool, and yarn, among other products.
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2024-05-20T19:16:00Z By Aaron Nicodemus
A U.S. Senate report found three European automakers—Volkswagen, BMW, and Jaguar Land Rover—sold cars in the United States with parts sourced from a supplier suspected of using forced labor from China’s Xinjiang region.
2024-05-16T16:16:00Z By Kyle Brasseur
The Department of Homeland Security announced its largest batch of additions to the list of companies blocked under the Uyghur Forced Labor Prevention Act in the form of a sweep of the Chinese textile industry.
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Sen. Tom Cotton (R-Ark.) is calling on the Biden administration to investigate and ban Chinese e-commerce company Temu over forced labor and data privacy violation concerns.
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USAA Federal Savings Bank has been hit with its third cease and desist order from the Treasury Department’s Office of the Comptroller of the Currency in the past five years for failing to correct unsafe and unsound banking practices.
2024-12-18T18:08:00Z By Adrianne Appel
Becton Dickinson medical device company will pay $175 million for “repeatedly” misleading investors about its Alaris infusion pump, a product the company knew was flawed and was sold without the required patient-safety approvals, the Securities and Exchange Commission said.
2024-12-17T20:57:00Z By Adrianne Appel
The Securities and Exchange Commission charged bankrupt fashion retailer Express with failing to disclose nearly $1 million in perks to a former chief executive, but did not levy a financial penalty thanks to its cooperation, the SEC said.
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