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.

WTO Faults US on Subsidies to Boeing | WSJ

"The World Trade Organization Friday ruled the U.S. failed to adequately eliminate all illegal state subsidies to Boeing Co. in a move that could trigger retaliatory sanctions from the European Union next year." (Click here for the article) - USA, Europe

MEPs dispute details of corporate transparency bill | eurobserver

"MEPs from the economic affairs and legal affairs committees adopted a draft directive on Monday (12 June). It will force all multinational companies in the EU to disclose information related to their activities in each country where they operate. (Click here for the article) - Japan, Europe, Germany, USA

US to export beef to China under new protocol | Global Trade

"The United States government announced yesterday steps toward commercial shipment of US beef and beef products to China for the first time since 2003." (Click here for the article) - USA, China

Brazilians adore top prosecutor after he exposes massive corruption web | NPR

"A new Brazilian hero isn't a soccer star, it's the prosecutor pressing the corruption case against the country's political elites. He's got a book that taps into the public's desire to clean house. (Click here for the article) - Brazil

The Big Squeeze: China's business environment evolves| Forbes

"Everyone working in China in recent years will recall how talk of “the new normal” became ubiquitous in 2014-15, and has lingered into 2017 as short-hand for a tougher business climate." (Click here for the article) - China

Qatar seeks new air, sea links amid rift | WSJ

"Tiny Qatar, cut off by its Arab neighbors, is trying to break out of its sudden isolation in ways that could reshape trade and transport in the region." (Click here for the article) - Indonesia

Senate strikes deal on Russia sanctions, stripping power from Trump| NBC News

"The U.S. Senate has reached a bipartisan agreement on a new round of sanctions against Russia, a move that will likely force President Donald Trump to either sign or veto a measure that he has not said he supports." (Click here for the article) - USA, Russia

US alleges Chinese company is front for North Korea | WSJ

"The U.S. filed a civil complaint seeking more than $1.9 million from a Chinese company prosecutors said acts as a front created to launder U.S. dollars on behalf of blacklisted North Korean entities.." (Click here for the article) - USA, China, North Korea

 US sanctions policy in strong hands after architects depart government | WSJ

"U.S. sanctions enforcement is in a transitional phase, as the top officials who brought it to prominence have departed government over the past several years, but those departed officials say they’re confident that sanctions will remain a key component of U.S. foreign policy during the Trump administration." (Click here for the article) - USA

Justice Department probing Booz Allen's accounting, billing practices with US | WSJ

"The Justice Department is conducting a civil and criminal investigation into Booz Allen Hamilton’s cost accounting and indirect cost charging practices with the U.S. government, the consulting firm said Thursday in a securities filing." (Click here for the article) - US