Weekly roundup: Brazil bans corporate election contributions, Swiss to extradite Venezuelan football official, Mexican drug cartels eye Asian markets, and more
Swiss authorities on Wednesday approved the extradition of Venezuelan soccer official Rafael Esquivel to the US to face corruption charges stemming from investigations into FIFA. Esquivel was among seven officials involved in a mass arrest on a U.S. warrant in Zurich, Switzerland, on May 27.
Brazil’s Supreme Court, in a judge's vote of 8 to 3, declared late on Thursday that the rules allowing companies to donate to election campaigns were unconstitutional. The decision comes amidst one of the country’s biggest corruption scandals and follows elections last year which saw corporate contributions total around USD $200 million.
The FBI has announced the arrest of a Macau businessman, Ng Lap Seng, on charges of smuggling more than USD $4.5 million into the US aboard private jets over a two-year period. Mr Seng, who was detained last Saturday, was previously implicated in the Clinton fundraising scandal two decades ago.
UN officials have warned that Mexican drug cartels are increasing their activity in Asian markets, spurred by rapid economic growth, ease of smuggling and ill-equipped law enforcement bodies. Southeast Asia has seen an eightfold increase in drug seizures in five years which comes at a time when analysts have expressed concerns regarding Mexico’s lack of progress in dealing with the cartels.
And finally, a recent article from the law firm Dechert LLP examines the implications of newly proposed US rules that, for the first time, would subject investment advisers registered with the Securities and Exchange Commission to US anti-money laundering regulations. The firm recently released a report reviewing the key components of the new regulations being proposed by the US Department of the Treasury’s Financial Crimes Enforcement Network.
New sources: 94
Source of the week: The Beijing Courts (北京法院) site hosts judgment documents from high, intermediate and local courts. Since 2014, it has been required that judgment documents are published on China’s Supreme Court website, but earlier documents are available only from provincial or local courts.