By
Adrianne Appel2024-05-09T20:36:00
Athletic apparel company Lululemon is under investigation by the Canadian Competition Bureau (CCB) regarding whether it made misleading claims about environmental aspects of its business.
The CCB launched an investigation into alleged deceptive marketing practices at Lululemon after receiving an official complaint by six Canadian residents, Marianne Blondin, a senior CCB spokesperson, confirmed.
“There is no conclusion of wrongdoing at this time,” Blondin said. The bureau did not provide a date by which the investigation would be complete.
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Regulators in Europe are focused on punishing energy firms that make deceptive claims on net zero targets, as TotalEnergies recently discovered.
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Women’s apparel importer Alexis agreed to pay nearly $7.7 million to settle allegations, first raised by a whistleblower, that it intentionally underpaid customs duties, according to the Department of Justice.
2024-05-17T17:27:00Z By Kyle Brasseur
The European Securities and Markets Authority published its final report containing guidance for the use of environmental, social, and governance- and sustainability-related terminology in fund names.
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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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