China
The Standing Committee of China’s 14th National People’s Congress passed the Law of the People’s Republic of China on Countering Cross-Border Corruption on 6 November. Xinhua reported that the law contains 47 articles in six chapters, covering institutional responsibilities, case handling and international co-operation, integrity and compliance, and legal liability. It took effect on promulgation.
The law places cross-border case work, international co-operation and corporate compliance within one statutory framework. Xinhua said its purposes include preventing and punishing cross-border corruption, strengthening international anti-corruption co-operation, and protecting national sovereignty, security and development interests. Reuters, citing Xinhua, reported that Chinese enterprises conducting cross-border business must establish integrity and compliance functions appropriate to their size, activities and risk exposure. Authorities and their staff must protect state secrets, commercial secrets, personal privacy and personal information obtained during investigations. The legislation also provides a dedicated legal basis for pursuing fugitives, preventing flight, recovering illicit assets and co-operating on evidence in cross-border cases.
Australia
The Reserve Bank of Australia formally designated Prosegur Australia Pty Ltd under the Cash Distribution Framework Act 2026 on 6 November. Prosegur Australia is a wholly owned subsidiary of Linfox Armaguard Pty Limited, which entered the same framework on 3 September. The RBA said the designation followed consultation with the Australian Competition and Consumer Commission and Prosegur, as required by the Act.
The Federal Register of Legislation records that the Cash Distribution Framework (Prosegur Australia Pty Ltd) Designation 2026 commenced on 6 November. Designation subjects Prosegur to obligations under the cash-distribution framework, including reporting and record-keeping for service and access agreements, written terms and good-faith negotiation requirements. The Act also empowers the RBA to make cash-distribution and resolvability standards, require risk notifications, undertake resolution planning and, where statutory conditions are satisfied, exercise crisis-resolution powers. The ACCC administers agreement terms, dispute resolution and associated compliance enforcement. Designation does not itself mean that the RBA has activated crisis-resolution powers.
United States
The US Treasury Department’s Office of Foreign Assets Control published a Cuba-related determination on 5 November identifying the electronics, manufacturing, marine and technology sectors of Cuba’s economy as sectors that may be targeted under Executive Order 14404. OFAC simultaneously updated the Specially Designated Nationals and Blocked Persons List. Treasury’s Cuba sanctions page records that the sectoral determination took effect on 5 November; Executive Order 14404 and the Cuban Assets Control Regulations form part of the governing legal framework.
The Cuba-related action covered two individuals, eight entities and two vessels. Listed entities included Cuban state enterprises and maritime companies, as well as China National Electronics Import and Export Corporation and Beijing H&C Technologies. The US Government alleges that the two China-based companies procured or supplied weapons, surveillance equipment or security systems for the Cuban Government; these are government allegations, not judicial findings. The Associated Press reported that the wider sectoral determination and the listings target suppliers and networks described by the US administration as supporting Cuba’s military establishment.
Editorial framework: This briefing uses Sustenesis as an editorial framework for selecting facts, organising relationships and structuring information, with attention to differences and constraints in rules, responsibilities, resources, risks and social relations. Sustenesis functions here as a method of organisation rather than a position or commentary; the body remains limited to verifiable facts.
Sources
Xinhua, China passes Law on Countering Cross-Border Corruption
https://www.xinhuanet.com/politics/20261106/bf368d13a1a64c2cb00cedf72ac95573/c.html
Xinhua, Update: China passes law to prevent, punish cross-border corruption
https://english.news.cn/20261106/a26ccf679b1d42fb989d26f6f29869f7/c.html
Reuters, China passes cross-border corruption law, expanding anti-graft drive
https://www.reuters.com/world/asia-pacific/chinas-standing-committee-national-peoples-congress-passes-cross-border-2026-11-06/
Reserve Bank of Australia, Designation of Prosegur Australia Pty Ltd under the Cash Distribution Framework Act 2026
https://www.rba.gov.au/media-releases/2026/mr-26-31.html
Federal Register of Legislation, Cash Distribution Framework (Prosegur Australia Pty Ltd) Designation 2026
https://www.legislation.gov.au/F2026L01487/latest/text
Federal Register of Legislation, Cash Distribution Framework Act 2026
https://www.legislation.gov.au/C2026A00068/latest
Office of Foreign Assets Control, Cyber-related and Transnational Criminal Organizations Designations; Cuba Designations; Publication of Cuba-related Determination
https://ofac.treasury.gov/recent-actions/20261105
Office of Foreign Assets Control, Cuba Sanctions
https://ofac.treasury.gov/sanctions-programs-and-country-information/cuba-sanctions
Associated Press, US escalates economic campaign against Cuba and targets China-based suppliers
https://apnews.com/article/cuba-sanctions-castro-trump-rubio-china-93e6ce1f2cf83f2f4f74842babf694c6
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