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China reviews draft Anti-Cross-Border Corruption Law
The draft would codify efforts to close “jurisdictional loopholes” tied to offshore cases, including difficulties in collecting evidence and repatriating illicit assets.
China’s top legislature has reviewed a draft Anti-Cross-Border Corruption Law intended to expand Beijing’s anti-graft legal framework beyond China’s borders, the South China Morning Post reports.
The draft was submitted for its first reading during the 24th session of the Standing Committee of the 14th National People’s Congress, which runs until Friday.
According to Xinhua, the measure is designed to strengthen enforcement against offshore financial crimes by addressing long-standing obstacles in detecting and collecting evidence, repatriating illicit assets, and prosecuting foreign-related corruption.
The proposal, which includes six chapters and 47 articles, sets out principles and scope for handling foreign corruption cases and aims to complete China’s foreign-related legal framework, the report said.