China’s top legislature has passed a landmark law targeting cross-border corruption, equipping Beijing with expansive new tools to pursue illicit offshore assets while countering foreign attempts to investigate wrongdoing in China.
The Anti-Cross-Border Corruption Law was approved at the close of the 25th session of the 14th National People’s Congress Standing Committee on Friday and took effect immediately, according to state news agency Xinhua.
The statute establishes formal mechanisms for…
Source: www.scmp.com
