Philippine President Rodrigo Duterte signed a law on Friday expanding the Anti-Money Laundering Council’s (ALMC) power to investigate and impose sanctions against companies suspected of funding terrorism or the “proliferation of weapons of mass destruction.” The Anti-Money Laundering Act allows the AMLC to apply for search and seizure requests and subpoena companies with ties to [...]

Xiaomi Corporation sued the US Departments of Defense and Treasury Friday over its designation at a “Communist Chinese military company.” Xiaomi was designated as a military company by the Department of Defense (DOD) on January 14 under the 1999 National Defense Authorization Act. Under former president Donald Trump’s Executive Order 13959, American investors cannot purchase [...]

UN High Commissioner for Human Rights Michelle Bachelet expressed grave concern following a military coup d’état in Myanmar. Civilian political leaders, including Nobel laureate Aung San Suu Kyi, were among those detained in the military raids conducted hours before the parliament was to convene. Bachelet called Monday for their release. The army declared a state [...]