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.

The High Price of Chinese Money Laundering in Canada | The Globe and Mail

“Canada-China political relations continue their downward spiral following the arrest of Huawei executive Meng Wanzhou in Vancouver, with ongoing retaliatory actions and threats by the Chinese government. As a result, Canadians are increasingly asking themselves what sort of government they are dealing with.“ (Click here for the article) - China, Canada

Wanted: Ethics and Compliance Officers on Boards | Navex Global

“…ethics and compliance officers bring useful experience to a board’s audit committee. That’s where the most difficult questions about investigations, regulatory compliance, and corporate misconduct often get decided, and a compliance officer’s experience handling those issues would be valuable.“ (Click here for the article) - US

Cyber Attacks Proliferate in Finance | FinNews Asia

“The number of cyber attacks on financial services more than doubled last year. The attackers have also become much more aggressive in their approach and developed a strong will to persist with their campaigns.“ (Click here for the article) - Global

Visa Exempt Non-EU Citizens Will Need Authorization to Travel in Europe | Italy Magazine

“The European Parliament has approved the introduction of European Travel Information and Authorization System. It will apply to non-EU citizens who can currently enter the EU Schengen Zone without a visa (i.e. citizens of 61 countries who travel to the Schengen Zone for business or travel purposes for up to 90 days). “ (Click here for the article) - Australia, Canada, Israel, Japan, Mexico, United Arab Emirates, US

CBP Continues to Build New Border Wall | US Customs and Border Protection

“CBP has built & continues to build new border wall along the SW border. CBP has built 38 miles of new border wall system in CA NM & TX—providing new capability by replacing ineffective infrastructure, like Normandy-style barriers designed only to stop vehicles, not people on foot.“ (Click here for the article) - US, Mexico