Hong Kong’s Independent Commission Against Corruption (ICAC), Macau’s Commission Against Corruption, and the top enforcement agency of Guangdong Province collaborated on a recently released anti-corruption guidebook for small and medium enterprises (SMEs) engaging in cross-border commercial activities.
This 203-page guidebook marks the first such collaboration between the three agencies. It follows on from anti-graft guidelines produced by Hong Kong and Guangdong in 1995, 1998, and 2008.
According to the introduction, the guidebook “introduces the anti-graft laws of Hong Kong, Macau, and the mainland with illustrative cases, provides health checklist for SMEs to assess their effectiveness in controlling corruption risks, and illustrates with case studies the internal management problems of SMEs.”
More than 110,000 Hong Kong companies have reportedly invested a total of $160 billion in Guangdong. Approximately 1,750 Guangdong-based companies are currently operating in Hong Kong and Macau.
So far, the guidance is in Chinese only. An excerpt is available online here.
Source: Macau Daily Times
Benjamin Kessler is a contributing editor of the FCPA Blog and managing editor of its membership area.