Enforcement and Sanctions Weekly Digest: 19 – 23 August 2024

Summary:

From August 21-22, 2024, various authorities worldwide announced enforcement actions and sanctions against companies and individuals. Key enforcement actions include:

Brazil: CADE investigated alleged collusion in the advertising rights market for football championships, while Elektrizitu00e4tsversorgung Berlin ElVeBe GmbH faced proceedings due to inaccurate energy bills and potential legal violations.
Germany: BaFin expanded its investigation into identity theft and fraud involving unauthorised sales of TikTok shares and false claims of association with Swiss Financial Services AG.
India: The Reserve Bank of India imposed penalties on Shikshak Sahakari Bank Limited, The Co-operative Bank of Rajkot Ltd., and The Gandhidham Mercantile Co-operative Bank Limited for regulatory non-compliance.
Japan: The Japan Fair Trade Commission issued a warning to Nissin Food Products Co., Ltd. for potentially violating resale price restriction regulations.
Russia: The Investigative Committee of Russia launched a criminal investigation into illegal dumping of construction waste on agricultural land.
South Africa: The Financial Intelligence Centre Act Appeal Board upheld sanctions against Capital Point Properties for failing to comply with anti-money laundering regulations.
South Korea: Financial authorities conducted on-site inspections of virtual asset exchanges to ensure compliance with the Virtual Asset Act's requirements for abnormal transaction monitoring.
Turkey: The Turkish Competition Authority fined Bilim u0130lau00e7 Sanayii ve Ticaret Au015e and Drogsan u0130lau00e7lar Sanayi ve Ticaret Au015e for engaging in no-poach agreements, violating competition laws.
United Kingdom: The Competition and Market Authority found Santander and Barclays in breach of retail banking orders, while the Intellectual Property Office reviewed a registered design for a clothes hanger.
United States: Clean Harbors Inc. agreed to settle with the US Department of Justice and EPA to clean up contamination at the Devil's Swamp Lake Superfund Site, and the US Department of the Treasury and the Department of State expanded sanctions against nearly 400 individuals and entities connected to Russia's military-industrial supply chains and sanctions evasion.