New anti-corruption law arms Beijing with expansive global enforcement powers
China’s top legislature passed on Friday 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 (NPCSC) and took…
China's highest legislative body has enacted a new law aimed at combating cross-border corruption, granting Beijing significant new enforcement capabilities to target illicit offshore assets and counter foreign investigations into wrongdoing within China. The Anti-Cross-Border Corruption Law, approved during the final session of the 14th National People's Congress Standing Committee, took effect immediately.
It establishes formal mechanisms for handling cross-border cases, promoting international cooperation and asset recovery. The bill, which had been in development since 2023, was first considered at an NPCSC session in August and underwent a second deliberation earlier this month. The law has its origins in a Communist Party directive from July 2024 urging progress on national anti-corruption legislation and the introduction of a law to combat cross-border corruption.
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