Press Release: Four years of cluster munitions: Use forbidden! investment allowed?

On the occasion of the 4th anniversary of the coming into force of the Convention on Cluster Munitions (August 1) the Cluster Munitions Coalition is continuing to ask the international community to join the prohibition movement, ratify the contract and implement it thoroughly.

There are currently 113 states that have signed the agreement, 29 are yet to ratify it.   ... →

UBS pays 300 Million to German Tax authorities

UBS has settled with the German tax authorities to pay a 300 million euro fine, due to the suspicion they were aiding and abetting tax evasion. The prosecution has been investigating the Swiss bank since 2012. The investigation was instigated by the discovery of a CD containing details of UBS clients that was acquired by the German state of North Rhine-Westphalia.   ... →

New Claims against UBS regarding tax evasion

The Swiss banking giant, UBS, simply cannot escape the allegations of money laundering. In July 2014 Facing Finance reported on the illegal business practices of the Belgian UBS branch and the opening of a formal impeachment process of Marcel Brühwiler. Now a few weeks later, the same institution is being accused of helping wealthy French cheat the French Treasury and the Paris office is being charged with repeatedly violating French law between the years 2004 and 2012.   ... →

Kik: Compensation for the victims of the Bangladesh factory collapse increased to $1 Million.

When the Rana Plaza textile factory in Bangladesh collapsed last year, 1183 people dies and another 2,000 were seriously injured .The cause of the collapse was later found to be due to the building being over capacity. Kik was making textiles cheaply, and under paying its workers, its primary contractors were clothing companies such as Adler, C & A, Mango and Benetton.   ... →