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:


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:


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:

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