Weekly Compliance News - Around the World

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

USTR Grants First Round of Section 301 Tariff Product Exclusions | US Trade Representative

The Office of the United States Trade Representative recently published a notice of product exclusions related to the Section 301 tariffs that were imposed on certain product imports from China on July 6, 2018. The product exclusions apply as of July 6, 2018 and will extend for one year after the date of the publication of the exclusion notice (published on December 28, 2018). (Click here for the article) - US, China

EU to Boost Exports of Generic Pharmaceuticals | European Council

"The EU has come a step closer to adopting new rules that will boost the export of generic medicines and biosimilar products to third countries.“  (Click here for the article) - EU, Global

How AI is Transforming the Fight Against Money Laundering | AMLabc

"As Kai-Fu Lee explains in his recent book, AI Superpowers: China, Silicon Valley and the New World Order, artificial intelligence and machine learning have moved from the age of discovery to the application and implementation stage."  (Click here for the article) - Global

China Anti-corruption Hunt Catches “Tiger” Official | Reuters

"China’s anti-graft watchdog has launched an investigation into the former top official of the central province of Shaanxi, the latest “tiger” to be ensnared in President Xi Jinping’s crackdown on corruption."  (Click here for the article) - China

Bipartisan Bill Could Ban US Tech Exports to Some Chinese Telecoms | Meritalk

"Members of the House and Senate announced introduction of the Telecommunications Denial Order Enforcement Act today, which would require the Trump administration to issue export denial orders for Chinese telecommunications companies caught breaking export control laws and sanctions."  (Click here for the article) - China, US, Canada

3 Ways to Mitigate Trade Compliance Risk | Flash Global

"The one constant in international trade is change, and it’s happening at a breakneck pace. New tariffs, shifting alliances, and renegotiated trade agreements have rocked markets and supply chains."  (Click here for the article) - Global

US Seeks Duty Free Status for Apparel and Textiles in EU Trade Agreement | Sourcing Journal

"The U.S. wants comprehensive duty free treatment for textiles and apparel products as part of its proposed trade agreement with the European Union. "  (Click here for the article) - USA, Europe

WHO Investigates Claim it’s Rife with Sexism, Corruption & Racism | UK Daily Mail

"The head of the World Health Organization has ordered an internal investigation into allegations the U.N. health agency is rife with racism, sexism and corruption."  (Click here for the article) - Global