The Wall Street Journal-20080115-Politics -amp- Economics- In Brief
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Politics & Economics: In Brief
U.S. Threatens EU
With Sanctions
The U.S. said it will pursue sanctions under World Trade Organization rules unless European Union countries reverse bans on planting genetically modified crops. French President Nicolas Sarkozy said France would ban permanently the only genetically modified crop the EU has licensed for cultivation -- Monsanto Co.'s MON810, a corn used for animal feed. That followed Austria's failure to meet a Friday deadline to lift its ban on the crop.
Remittance Firm
Expected to Settle
An international money remittance company based in California is expected to reach a settlement this week with the Justice Department and forfeit $15 million for alleged weak controls against money laundering, the firm's general counsel said. Sigue Corp. will also agree to invest $9.7 million in compliance costs this year as part of the agreement, Sigue general counsel Robert Pargac said. A Justice Department spokesman didn't return a call seeking comment.
