Monday Compliance News - Around the World

GCSG's Monday Compliance News is a compilation of some of the previous week's interesting trade compliance, anti-bribery/corruption, fraud, and due diligence news bites, from around the world.

Brazil President Michel Temer is charged with corruption | WSJ

"Brazil’s top prosecutor filed criminal charges against President Michel Temer on Monday, marking a critical new phase for the corruption crackdown that has roiled Latin America’s largest country for the past three years." (Click here for the article) - Brazil

Russia sanctions bill remains stalled in US Congress | Reuters

"U.S. lawmakers said on Monday they did not know when legislation to impose new sanctions on Russia might come up for a vote in the House of Representatives, and the White House said it had concerns about the measure." (Click here for the article) - USA, Russia

HS classification: Customs compliance issues affecting companies in Vietnam | Thompson Reuters

"Vietnam has adopted and maintained the World Customs Organization (WCO) Harmonized Commodity Description and Coding System since March 1998.  Subsequently, additional laws and changing regulations have been added leading to additional challenges for Vietnamese companies and the Multi-National Corporations moving operations to Vietnam." (Click here for the article) - Vietnam

Donald Trump considering China sanctions over North Korea, say officials | The Guardian

"US president Donald Trump is growing increasingly frustrated with China over its inaction on North Korea and bilateral trade issues and is now considering possible trade actions against Beijing, three senior administration officials told Reuters." (Click here for the article) - USA, China, North Korea

India: GST (Goods and Service Tax), applicable from July 1, 2017 | The Compliance Book

"Current Government has decided to apply GST from July 1, 2017.  GST is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as set off. In a nutshell, only value addition will be taxed and burden of tax is to be borne by the final consumer. " (Click here for the article) - India

Breaking News: Maersk says cyber attack "contained" | Global Trade

"After being hit as part of a global cyber attack called Petya on June 27, Maersk is now reporting that “we have contained the issue.” (Click here for the article) - Global

US environment agency delivers on chemical reform | Chemistry World

"he US Environmental Protection Agency (EPA) has issued final rules for the updated Toxic Substances Control Act (TSCA) that regulates new and existing chemicals in the US. Released on 22 June, the rules establish a process for the agency to conduct risk evaluations to determine whether a chemical presents an unreasonable risk of injury to human health or the environment, without consideration of costs." (Click here for the article) - USA

US hits North Korea with sanctions; puts military action on the table | Daily Wire

"After months of escalating tensions between North Korea and the United States, topped off by the death of American Otto Warmbier at the hands of the dictatorship, new strategies are being implemented and considered in the White House." (Click here for the article) - USA, North Korea, South Korea, Japan