The new anti-corruption law arming Beijing with wide global enforcement powers
South China Morning Post · William Zheng ·
Authorities can now probe Chinese firms’ misconduct in any jurisdiction, while blocking unauthorised foreign investigations.
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 handling cross-border cases, international cooperation and asset recovery.
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