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.
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.