- 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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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.
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.
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.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
