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.

How deep is Vietnam's rot? |  Asia Times

"At a meeting of Vietnam’s main anti-corruption body held late last month, the country’s leading politician instructed it to quicken the pace of its investigations into corrupt officials. Nguyen Phu Trong, general secretary of the ruling Communist Party, applauded the anti-graft body for establishing a list of “urgent cases requiring drastic settlement,” local media reported but also stressed that much more needed to be done." (Click here for the article) - Vietnam

Custom brokers:  Integration is the future |  AEB

"Smart people know their limitations. An experienced customs manager in a company that trades across borders needs a well-trained team and powerful IT support to run efficient customs operations. This includes directly interacting with the customs authorities to manage imports and exports in, for example, the Netherlands. And a really good in-house customs department may even be able to handle customs procedures outside of this – for other major markets and large production sites abroad." (Click here for the article) - Global

US to expand benefit of anti-bribery enforcement program |  WSJ

"The U.S. Justice Department plans to make permanent, and expand the benefits of, a program meant to entice companies to turn themselves in when they have bribery problems, saying it won’t prosecute most firms if they meet the conditions." (Click here for the article) - US

Peruvians launch anti-corruption protest amid investigations |  Telsur TV

"Peruvian civil rights groups are uniting in the fight against corruption as hundreds of workers march in Lima in response to recent developments in the Operation Car Wash and Odebrecht scandals." (Click here for the article) - Peru

Transparency International questions use of corruption index |  WSJ

"Transparency International’s Corruption Perceptions Index is being employed as a line in the sand by companies trying to shape global compliance programs to minimize their risk of a bribery scandal. The anti-corruption group isn’t happy." (Click here for the article) - Global

Canada - US trade deal possible if Nafta fails, Trudeau says |  Bloomberg

"Canadian Prime Minister Justin Trudeau said he would consider one-on-one talks with the U.S. on trade, if negotiations to update the North American Free Trade Agreement fail. " (Click here for the article) - US, Canada, Mexico

Oliver Schmidt jailed for seven years for Volkswagen emissions scam |  The Guardian

"A senior Volkswagen executive was sentenced to seven years in prison by a US court on Wednesday after being found guilty of concealing software used to evade pollution limits on nearly 600,000 diesel vehicles. " (Click here for the article) - US, Germany