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.
With GDPR looming, key compliance questions still remain | DIGIDAY
"For better or worse, preparing for the General Data Protection Regulation is a do-it-yourself exercise for advertisers in the absence of stronger direction from regulators." (Click here for the article) - European Union
Turkish banker guilty of helping Iran dodge US sanctions | Reuters TV
WATCH: US jury finds Turkish banker guilty of helping Iran dodge US sanctions (Click here for the video) - Iran, Turkey, United States
Firms can choose not to enter corruption-ridden markets | The Straits Times
"Many well-established multinationals have decent corporate cultures. Their top managements have been known to decide that if a country operates by practices in keeping with the company ethos, they would not do business in that country." (Click here for the article) - Singapore
Drug Company Allegedly Bribed Doctors to Sell its Powerful Opioid Spray | Gizmodo
"The State of North Carolina is suing a pharmaceutical manufacturer for allegedly bribing doctors and defrauding insurers in order to sell more of its powerful fentanyl spray, fanning the flames of the opioid crisis that has millions addicted and is shortening lifespans." (Click here for the article) - United States
PWC faces negligence claim over $2bn fraud at Colonial Bank | The Times
"Auditors at PWC were negligent and missed a 'Red Flag' over a huge fraud that contributed to the collapse of a bank during the financial crisis, an American court has found." (Click here for the article) - Global
