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.

US Rejects New European Dirty-Money Blacklist | Wall Street Journal

“The U.S. Treasury Department on Wednesday told American banks they can ignore an updated European Union blacklist of dirty-money hotspots, calling into question the EU’s methodology for developing the list, which includes several U.S. territories.“ (Click here for the article) - US, Europe, Panama, Puerto Rico

Trump Delays Tariff Deadlines - Citing Progress in China Trade Talks | New York Times

“President Trump delayed his own deadline to increase tariffs on Chinese goods on Sunday as his administration continues a monthslong effort to persuade Beijing to make significant structural changes to its economy that have so far proved elusive.“ (Click here for the article) - US, China

Israel Arms Exports Will Require KYC and Sanctions Checks | FCPA Blog

“The agency in charge of granting licenses to defense exporters will start to require KYC, blacklist, and sanctions searches to applications for marketing and export licenses. This move is meant to strengthen control by Israeli authorities over marketing and export of military goods, which sometimes allegedly find their way into dubious hands.“ (Click here for the article) - Israel

Canada Ordered to Pay US Company $7M in NAFTA Case | CBC News

“Canada has been ordered to pay $7 million in damages, plus interest, to a U.S. concrete company that used the North American Free Trade Agreement to successfully argue it was wrongly denied permission to build a quarry in Nova Scotia.“ (Click here for the article) - US, Canada

EU Extends Belarus Sanctions | Mr. Watchlist

“On February 25th, Council decided to prolong the restrictive measures against Belarus for one year, until 28 February 2020. These measures include an embargo on arms and on equipment that could be used for internal repression as well as an asset freeze and travel ban against four people designated in connection with the unresolved disappearances of two opposition politicians, one businessman and one journalist in 1999 and in 2000. “ (Click here for the article) - Belarus, Europe

Texas Doctor and Hospital Owner Convicted in $20M Healthcare Scheme | US Dept. of Justice

“A federal jury has convicted a 50-year-old internal medicine doctor and 47-year-old hospital owner of conspiracy to commit health care fraud, 17 counts of health care fraud and three counts of money laundering, announced U.S. Attorney Ryan K. Patrick and Assistant Attorney General Brian A. Benczkowski of the Department of Justice’s Criminal Division.“ (Click here for the article) - USA