Politics · China · 3 hrs ago

China passes law targeting cross-border corruption

China passes law targeting cross-border corruption

China's National People's Congress Standing Committee passed a law targeting cross-border corruption on November 6.

The law covers how cases are handled, international cooperation, corporate compliance and legal responsibility.

It follows President Xi Jinping's long-running anti-corruption campaign and aims to help track fugitives, prevent people from fleeing and recover illicit assets.

It also requires Chinese companies doing business across borders to set up anti-corruption controls suited to their size and risks.

Investigators must protect state and commercial secrets and personal data collected during investigations.

The law also sets out China's aim to take part in global anti-corruption efforts while protecting national interests and cross-border business; it takes effect when it is promulgated.

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What people are saying

Li XiChina’s top anti-corruption official
legislation should be enacted to combat cross-border corruption, to strengthen efforts to track down fugitives, prevent flight and recover illicit assets, along with greater enforcement in cross-border corruption cases.
via Straits Times