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Excessive work hours a challenge for social compliance in RMG, says a study - Google Appeals That $5 Billion EU Android Antitrust Fine—But It's Changing Its Ways Nonetheless - Countries Face Rising Exposure to Money Laundering, Basel Report Finds - And More
10/11/2018 10:09:00 AM

 

 

Excessive work hours a challenge for social compliance in RMG, says a study

On Oct. 11, Dhaka Tribune reported, "Excessive working hours are a great challenge for ensuring social compliance issues in the country’s readymade garment (RMG) industry, as nearly 62% of workers in the sector work 12 hours a day, contradicting labour law, says a study report. ... According to the findings of the study, around 62% workers work for 12 hours a day and 23% work 10 hours. Only 4% of respondents said they work for 8 hours a day and 12% work for more than 12 hours. According to section 102 of Bangladesh Labour Law, an adult worker is allowed to work not more than 48 hours in a week."

 

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Google Appeals That $5 Billion EU Android Antitrust Fine—But It's Changing Its Ways Nonetheless

On Oct. 10, Fortune reported, "Google has launched an appeal against the $5 billion fine it received in July for abusing its control of the Android ecosystem in the European Union. The company announced the appeal Tuesday, just before the Wednesday cut-off date for being able to do so. This means Google is now appealing two massive antitrust fines in the EU—the other fine, totalling $2.7 billion, was handed down in mid-2017 as punishment for Google’s abuse of its search-engine market dominance."

 

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Countries Face Rising Exposure to Money Laundering, Basel Report Finds

On Oct. 9, The Wall Street Journal reported, "More countries are showing heightened risks of exposure to money laundering, according to an annual ranking of countries assessing their money-laundering risk. The Basel Institute on Governance, which released the seventh edition of its Basel AML Index on Tuesday, said 83 countries, or about two-thirds of those in the index, have a risk score above 5.0 and are therefore classified as having a significant risk of money laundering and terrorist financing. High scores, based on a 10-point scale, indicate a country is more vulnerable to money laundering. More than 40% of the countries have higher ratings than they did in 2017, the study found."

 

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TWU report reveals shocking sexual harassment against Australia’s cabin crew

On Oct. 9, News.au.com reported, "Two-thirds of Australian cabin crew have been sexually harassed on the job both by co-workers and passengers, according to a harrowing survey released today by the Transport Workers’ Union (TWU). Half of those harassed said it had happened more than four times, and one in five said it had happened more than 10 times."

 

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Register for the Compliance & Ethics Institute | Oct 21-24 in Las Vegas | Learn More >Register for the Compliance & Ethics Institute | Oct 21-24 in Las Vegas | Learn More >

 

Cybersecurity isn't being taken seriously enough: MIT professor

On Oct. 9, CNBC reported, "The digital economy is set to unlock tremendous economic value for countries over time. But a common setback for the use of various new technologies is their vulnerability to hackers. That's because companies and individuals are not taking cybersecurity seriously, according to Erik Brynjolfsson, director at the MIT Initiative on the Digital Economy and a professor at MIT Sloan School. ... Brynjolfsson was commenting on the news that a Google bugexposed the account information of 500,000 users, spurring the tech giant to make a slew of privacy changes and shut down the Google Plus service for consumers."

 

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South America’s Gold Supply Chain Poses Big Risks for Procurement, Report Says

On Oct. 9, Spend Matters reported, "If your company sources and buys gold, then the message from some recent research is loud and clear: Watch your step in South America. ... Evidently, the promise of huge profits based on higher gold prices — and fueled by rampant corruption — have created a vast supply chain problem for the continent. The issue plagues Colombia, Peru, Bolivia, Brazil, Ecuador and Venezuela, according to the authors. ... Of course, this gets to the core of a major risk for gold-buying organizations: the ongoing threat of murky supply chain traceability."

 

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Apple denies cybersecurity breach to Congress

On Oct. 8, The Hill reported, "Apple's top security employee told Congress on Monday that it has not found anything to suggest that its systems were compromised through a sophisticated breach of its supply chain. George Stathakopoulos, the company’s vice president of information security, wrote in a letter to the Senate Commerce and House Energy and Commerce committees that Apple had conducted multiple investigations and not found evidence of the cybersecurity breaches detailed in a story published by Bloomberg Businessweek last week. ... The article reported that chips manufactured by Super Micro had been compromised by the Chinese government, which installed small chips, slightly larger than a grain of rice, onto motherboards which were sold to other companies including those with U.S. government contracts and Apple and Amazon."

 

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The Jewelry Industry Prepares For Supply Chain Trace-Ability

On Oct. 7, Forbes reported, "Blockchain technology is coming to the jewelry industry, and it’s coming fast. Ultimately, this means absolute trace-ability of every element in the jewelry supply chain; from the mine, to the refinery, to the alloy manufacturer, to the production company, the retailer, and on to the consumer. But we’re still years from that level of supply chain cooperation."

 

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Complete Compliance and Ethics Manual

Complete Compliance and Ethics Manual

 

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Ethikos — The Journal of practical business ethics

Ethikos — The Journal of practical business ethics

 

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Articles on the Ethics and Compliance Environment
The Society of Corporate Compliance and Ethics provides this library of articles, insight into current issues, the regulatory environment, and other items of interest to our members.