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.

When Employees Feel Grateful, They are Less Likely to be Dishonest  | Harvard Business Review

“Dishonesty in the workplace can be a major problem for any business. Recent estimates suggest that theft and fraud by employees reduce the profits of U.S. businesses by $50 billion annually.” Northeastern University Professor’s study reveals “As a result, our findings indicate that gratitude worked the same for everyone: a few moments spent feeling grateful dramatically improved the moral choices people made.” (Click here for the article) - Global

How the (Once) Most Corrupt Country in the World Got Clean(er)  | The Atlantic

“For decades in Indonesia, the corruption was like the humidity: always there. In Transparency International’s initial ranking, in 1995, of nations’ perceived corruption, Indonesia came in dead last. Last year, it clocked in at 89 out of 180: the first time it ever broke into the top half of the chart.” (Click here for the article) - Indonesia

Asian Companies Pull Back from Iran Amid US Pressure  | Wall Street Journal

“Asian companies that had provided a lifeline to Iran after the U.S. reimposed sanctions last year are pulling back, hurting the hobbled Iranian economy and leaving the Islamic Republic with less incentive to stay committed to a multi-nation nuclear deal, Western diplomats say.” (Click here for the article) - Europe, Asia, Iran, US

Trump Pressure will Fail Because Iran has a Ph.D in Sanctions Busting  | NBC News

“President Donald Trump will not succeed in forcing Iran to capitulate to U.S. economic pressure because Tehran has a "Ph.D. in sanctions busting," Iran's Foreign Minister Javad Zarif said.” (Click here for the article) - US, Iran

NSA Reportedly Recommends Retiring Phone Surveillance Program  | CNET

“The National Security Agency has recommended the White House abandon a controversial program that collects and analyzes data on millions of Americans' domestic calls and texts, The Wall Street Journal reported Wednesday.” (Click here for the article) - US

Export Controls to be Introduced to Japanese Universities  | WorldECR

“Japan’s Mainichi newspaper reports that the Japanese government is set to formulate guidelines calling on universities in Japan that collaborate with foreign companies for joint research projects to develop legal compliance systems to prevent technology drain.” (Click here for the article) - US, Japan, China

Trump Cancels Iran Oil Waivers Granted to Major Asian Importers  | Nikkei Asian Review

“The U.S. will end its sanctions exemptions granted to certain oil importers to enforce a total ban on Iranian crude, the White House said Monday, amplifying the American pressure campaign against Tehran and immediately sending petroleum prices higher.” (Click here for the article) - US, Japan, China, South Korea, Taiwan, India, Italy, Greece, Turkey, Iran

Rise of the Chief Ethics Officer | Forbes

“A 2018 survey by Deloitte of 1,400 U.S. executives knowledgeable about artificial intelligence found that 32% ranked ethical issues as one of the top three risks of AI. Much of that work is beginning to find its way to a position that’s also on the rise—the chief ethics officer.” (Click here for the article) - Global