From CNBC Indonesia · tps · · 40s
China Passes New Cross-Border Corruption Law
China enacts cross-border corruption law to combat international corruption.
In brief
China enacts cross-border corruption law to combat international corruption. China passes new law to tackle cross-border corruption, strengthen fugitive tracking, prevent flight, and recover dark assets. Originally reported by CNBC Indonesia.
China passes cross-border corruption law
China's government officially approves new law to combat cross-border corruption practices.
“Undang-undang harus diberlakukan untuk memerangi korupsi lintas batas, memperkuat upaya melacak buronan, mencegah pelarian, dan memulihkan aset gelap”
Law targets international corruption cases
The law aims to deepen international cooperation in fighting corruption and aligns with China's high-level anti-corruption official.
“Hal ini seiring dengan penegakan yang lebih besar dalam kasus-kasus korupsi lintas batas”
Law strengthens anti-corruption compliance
The law requires cross-border companies to establish anti-corruption compliance functions proportional to their business size and risk exposure.
“Fungsi kepatuhan tersebut harus ditetapkan secara proporsional dengan ukuran dan aktivitas bisnis masing-masing perusahaan”
The key point
China passes new law to tackle cross-border corruption, strengthen fugitive tracking, prevent flight, and recover dark assets.
