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.

Police raid BT's Italian offices over £530m accounting scandal  - The Times

"BT's offices in Italy have been raided by police as part of an investigation into a £530 million accounting scandal." (Click here for the article) - Italy

Investigation in Brazil "much bigger" than Watergate, says lead prosecutor - CBS News

"The political corruption investigation in Brazil known as Operation Car Wash is 'much bigger' than the Watergate scandal in the U.S., the lead prosecutor tells correspondent Anderson Cooper..." (Click here for the article) - Brazil

Trump administration formally launches NAFTA renegotiation - Washington Post

"The Trump administration on Thursday formally notified Congress of its intent to renegotiate the North American Free Trade Agreement, a step forward on a campaign promise that was widely popular among voters..." (Click here for the article) - USA, Mexico, Canada

Brazil's corruption scandals may be the best thing to happen to Latin America - Miami Herald

"If you think that the corruption scandal swirling around Brazilian President Michel Temer is the only one that will shake Latin America in coming weeks, mark your calendar..." (Click here for the article) - Brazil, Latin America

FIFA audit official admits bribery in US federal probe - USA Today

"The sprawling American investigation of bribery and corruption in international soccer has reached into Asia and claimed the first guilty plea from a senior official in the new FIFA leadership." (Click here for the article) - Switzerland, USA, Guam, Kuwait, Philippines, Germany, France

FDA launches new webpage to promote use of symbols in medical device labeling (Imports) - Customs & International Trade Law

"If you think that the corruption scandal swirling around Brazilian President Michel Temer is the only one that will shake Latin America in coming weeks, mark your calendar..." (Click here for the article) - USA

Chinese National Pleads Guilty to Economic Espionage and Theft of a Trade Secret from US Company - The US Department of Justice

"Today, Xu Jiaqiang, 31, formerly of Beijing, China, pleaded guilty to economic espionage and theft of a trade secret, in connection with Xu's theft of proprietary source code from Xu's former employer..." (Click here for the article) - USA, China

Big data driving SEC focus on disclosures, recommendations and security - OnWallStreet

"Advisers will see SEC regulators employ new methods to investigate a firm's staff training, the suitability of its investment recommendations, conflicts of interest disclosures and cybersecurity safeguards..." (Click here for the article) - USA

UK Plans to Fold Serious Fraud Office into NCA Meet Skepticism - The Wall Street Journal

"UK Prime Minister Theresa May promised to fold the Serious Fraud Office into the National Crime Agency if her Conservative Party wins the general election next month..." (Click here for the article) - UK

More CEOs are getting forced out for ethics violations - Washington Post

"If it seems like more CEOs are getting cast aside amid ethical blunders or corporate scandals, they are." (Click here for the article) - USA

US Presses China to impose sanctions on DPRK - worldecr.com

"The US has indicated that it believes that China will agree to impose new UN sanctions on North Korea..." (Click here for the article) - USA, China, North Korea