Monday Compliance News - Around the World
/GCSG's Monday Compliance News is a compilation of some of the previous weeks interesting trade compliance, anti-bribery/corruption, fraud, and due diligence news bites, from around the world.
Not so global Britain - Muddled attitudes towards free trade | The Economist
"Public views of trade deals are more complicated than politicians allow" (Click here for the article) - UK, EU
Hezbollah in South America: The Threat to Business | Stratfor
"Businesses must take a variety of threats from Hezbollah into account when operating in South America. Chief among these is corruption, which Hezbollah exploits - and which can also adversely impact business operations..." (Click here for the article) - South America, Lebanon, U.S.
Novartis bribery probe: ten Greek ex-ministers allegedly involved | The LOCAL ch
"Two former Greek prime ministers and eight former ministers have been implicated in an alleged corruption scandal involving Swiss pharmaceutical giant Novartis..." (Click here for the article) - Greece, Switzerland, China
World Bank Group Announces Debarment of Three companies | The World Bank
"The World Bank today announced the debarment of three companies – Gavinor, S.R.L., J.C. Segura Construcciones S.A., and a joint-venture, Constructura J.C. Segura Construcciones S. A.-Gavinor S.R.L.-UTE – for 18 months in connection with the companies’ fraudulent practice of knowingly misrepresenting work progress during a contract..." (Click here for the article) - Argentina
U.S. Becomes World's Second-Biggest Tax Haven | The Wall Street Journal
"The U.S. rose for the third straight time in a ranking of tax havens, becoming the world's second-largest..." (Click here for the article) - U.S., Global
Samsung Heir Freed, to Dismay of South Korea's Anti-Corruption Campaigners | The NY Times
"When Lee Jae-yong, the de facto leader of Samsung, walked free on Monday after spending barely a year in jail, it reaffirmed a pattern South Koreans have fought for decades to break: Business tycoons convicted of corruption here hardly spend any time behind bars..." (Click here for the article) - South Korea