Weekly Compliance News - Around the World — Global Compliance Solutions Group

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.

Network of Iranian Front Companies Disrupted by OFAC | GCSG

On March 26, 2019 the US Department of the Treasury’s Office of Foreign Assets Control announced it had taken action against a network of 25 individuals and entities that had transferred over a billion dollars to the Islamic Revolutionary Guard Corps and Iran’s Ministry of Defense and Armed Forces Logistics. (Click here for the article) - US, Iran

Trump Says Tariffs Will Stay Until China Complies With Deal | AJOT

“President Donald Trump said he’ll keep tariffs on China until he’s sure Beijing is complying with any trade deal, refuting expectations that the two nations will agree to roll back duties as part of a lasting truce to their trade war.“ (Click here for the article) - US, China

How Compliance Can Empower the Business to Manage Risk | Corporate Compliance Insights

“It’s a time of enormous change for organizations of every type. Gartner’s 2018 survey of CEOs shows that CEOs, who have been focused on growth for years, are now prioritizing firm plans to deliver it — plans that involve IT-related transformation and new corporate structures and cultures.“ (Click here for the article) - US

Managing Risk and Enabling Growth in the Age of Innovation | Corporate Governance

“PWC explores how risk leaders can effectively manage innovation related risk, and by doing so, drive growth and performance.“ (Click here for the article) - US

Malabu Oilfield Scandal: How Multinational Companies Aid Corruption in Nigeria | Ventures Africa

“In 2011, British-Dutch Royal Dutch Shell and Italian multinational oil and gas company, Eni reached an agreement with the Nigerian government to purchase the offshore Oil Prospecting License 245 oilfield. … the deal has resulted in one of Nigeria’s largest corruption scandals in the oil industry.“ (Click here for the article) - Global

UK Lawmakers Demand Breakup of Big Four Accounting Companies | Bloomberg

“The “Big Four” accounting firms should be forced to legally separate their “cash cow” consulting work from their auditing businesses, a U.K. Parliament committee said Tuesday.“ (Click here for the article) - UK

China Announces Detailed VAT Reform Measures | International Trade Compliance

“On March 22, 2019, the State Council announced in a press release that authorities announced detailed measures to implement the country’s value-added tax reform on March 21 to further reduce the tax burden on various industries.“ (Click here for the article) - UK

Registry of Beneficial Ownership Aims at Lifting Curtain on Money Laundering and Tax Evasion | Tri-City News