GCSG's Monday Compliance News is a compilation of some of the previous week's interesting trade compliance, anti-bribery/corruption, fraud, and due diligence news bites, from around the world.
ISO 37001 has been enacted | Deloitte
"In a previous edition of this magazine (Middle East Point of View, Summer 2016) we wrote about a pending vote by the International Standards Organization (ISO) on Standard 37001: “Anti-bribery management systems–Requirements with guidance for use.” The standard did pass voting and a final version was published in October." (Click here for the article) - Global
"U.S. companies from Dow Chemical to Intel should prepare for a new defense-related export control law that could affect their business operations in China and come with stiff penalties for breaking the rules, analysts in China are telling Bloomberg BNA." (Click here for the article) - US, China
Campaign pledges broken could lead to donor lawsuits | Washington Times
"If a political candidate asks you for a donation with a promise that he or she will do some specific act if elected and then fails to do so, should you be able to sue for fraud?" (Click here for the article) - USA
"A former Russian economy minister on trial for allegedly taking a $2 million bribe accused the head of the state oil company of entrapment on Wednesday, in the first hearing of a case that has raised speculation about power plays at the highest levels of the government." (Click here for the article) - Russia
"U. S. and South Korean negotiators will meet next week in Seoul to potentially amend a five-year-old trade agreement, which President Donald Trump has called “horrible” and blamed for a larger American trade deficit." (Click here for the article) - USA, South Korea