A report from the British Parliament’s Treasury Select Committee (TSC) has called for improving anti-money laundering standards post Brexit. On Friday, a panel of British lawmakers stated, Britain should not go soft on anti-money laundering standards in order to win… Read More ›
compliance
Bi-partisan bills targeting Chinese companies in non-compliance with U.S. sanctions or export control laws being introduced in the U.S
Headwinds facing Huawei Technologies and ZTE Corp is likely to shoot up to gale force. In a development that comes in the wake of federal prosecutors investigating alleged stealing of trade secrets by Huawei from T-Mobile and other businesses, a… Read More ›
U.S. regulators propose rewriting and simplification of financial rules
The proposal aims to simplify and ease some of the overreaching aspects of the rule which places undue and excessive burden on financial compliance. With the Federal Reserve, along with other U.S. regulators, proposing to rewriting the “Volcker Rule” that… Read More ›
Germany will assist its companies to do business with Iran: German Economic Minister Peter Altmaier
European powers, including France, Germany and Britain are willing to maintain the landmark 2015 Iran nuclear accord while pushing for talks encompassing a wider format which includes Iran’s ballistic missile program and its activities in Yemen and Syria. On Friday,… Read More ›
Will study impact of U.S. withdrawl from Iran nuclear deal: Airbus
Both Airbus and Boeing have commercial ties with IranAir. With U.S. President withdrwawing the United States from the deal, compliance to sanctions and export control regulations have suddenly become very complicated. European airplane maker Airbus stated, it will study the… Read More ›
China moving back on economic reforms: U.S. Consul general of Hong Kong & Macau
While China has been loquacious about economic reforms and opening up its domestic sector to foreign players, its actions on the ground reflect broken contracts and non-compliance of WTO rules. On Tuesday, the U.S. consul general of Macau and Hong… Read More ›
Focus on profits and market share led to data falsification scandal: Mitsubishi Materials Corp
Here are the findings of the committee constituted by Mitsubishi Materials Corp on the data fabrication scandal. On Thursday, Japan’s Mitsubishi Materials Corp stated the push for market share had driven its subsidiary to fabricate fake product specification which led… Read More ›
Corporate criminal case against China’s ZTE takes an interesting turn
While an investigation by the U.S. Department of Justice found ZTE shipping goods illegally to Iran and its ally North Korea in violation of U.S. trade laws, which led to the company paying a record fine. The manner in which… Read More ›
Reimposing economic sanctions on Tehran risks handing an upper hand to Iranian hardliners in negotiations with the West
Any form of reactionary based out of its domestic policy on the international theatre is likely to have significant impact on not only the U.S. economy but on regions surrounding Iran. On Saturday, Germany’s foreign minister warned that the U.S…. Read More ›
Compliance on Intellectual Property remains a sticky issue with China
Theft of intellectual property has been a touchy issue with Beijing: with allegations that it forces companies to hand over intellectual property as a price of doing business in the country to outright theft of software and ideas from U.S…. Read More ›