Walmart overseas corruption / India tax officials / Japan caps transfers

Walmart to pay $282 million over foreign corruption charges.  The US Securities and Exchange Commission announced a $144 million settlement against Walmart for "failing to operate a sufficient anti-corruption compliance program" in Brazil, China, India and Mexico, under the Foreign Corrupt Practices Act.

The Public’s Radio: https://thepublicsradio.org/article/walmart-to-pay-282-million-over-foreign-corruption

 

India sacks 15 senior tax officials over corruption.  India has sacked 15 senior tax officials facing probes in corruption cases, sending across a tough message to bureaucrats taking kickbacks for facilitating tax evasion by companies, a government statement said.

Manoj Kumar and Aftab Ahmed/Reuters: https://uk.reuters.com/article/uk-india-economy-corruption/india-sacks-15-senior-tax-officials-over-corruption-idUKKCN1TJ0TZ

 

Japan Post Bank to cap international transfers to counter money laundering.  Japan Post Bank Co. with around 120 million account holders, the most among domestic banks, plans to set a limit on over-the-counter international cash transfers of ¥5 million ($46,000) to combat money laundering.

The Japan Times: https://www.japantimes.co.jp/news/2019/06/19/business/corporate-business/japan-post-bank-cap-international-transfers-counter-money-laundering-2/#.XQxUrYgzaUk

Popular posts from this blog

Global Anticorruption Blog - Guest Post: Why Debarment Is Different–A Reply to Professor Stephenson

Australia Federal Police / U.S. pull out / Malaysia hope

Mongolia SME fund / Singapore business bribes / Malaysia logging contracts