China passes new law targeting cross-border corruption

A law aimed at combating cross-border corruption was passed by the Standing Committee of the National People's Congress, China's top legislative body, as it wrapped up its session on Friday.

The law, consisting of six chapters and 47 articles, outlines not only the mechanisms and responsibilities of agencies involved in addressing cross-border corruption but also includes provisions on case handling, international cooperation, integrity compliance and legal accountability.

The legislation aims to prevent and combat cross-border corruption, enhance international collaboration in anti-corruption efforts, safeguard national sovereignty, security and development interests, and contribute to establishing a fair and equitable global governance system for anti-corruption.

The law stresses that cross-border anti-corruption work should respect and protect human rights and equally protect the lawful rights and interests of all business entities. It mandates the National Commission of Supervision as the leading body, alongside foreign affairs, public security, judicial, fiscal, commerce, anti-money laundering, audit and cyberspace authorities sharing information and working together within their respective duties.

The commission handles the day-to-day work, organizes, coordinates and investigates major cases, and conducts international cooperation with relevant departments, according to the law.