Recent news reports have highlighted the risk of doing business in the People’s Republic of China (PRC), a known high-risk country for corruption. Increasing enforcement of local laws against multinational corporations and their staff however has changed local dynamics dramatically for businesses and individuals operating in this geography.
Never before has it been more important for staff to be aware of not only global regulation, such as the Foreign Corrupt Practices Act (FCPA), but also local laws pertaining to bribery, such as PRC Criminal Law and Anti-Unfair Competition Law. How can Chief Compliance Officers and General Counsels ensure that their compliance teams and senior executives understand the risks?
In conjunction with Norton Rose Fulbright’s China practice the Ethical Alliance is pleased to announce our new People’s Republic of China Anti-Bribery & Corruption Specialist Certification. An examination of 85 questions, with accompanying study guide covering both domestic Chinese Law as well as the FCPA and UK Bribery Act (UKBA), will ensure you have provided your local teams with the information they require to comply.
“While this time last year many people were wondering whether anti-corruption enforcement in China was real, few are still questioning this” said Sun Hong, Partner, Norton Rose Fulbright. “The recent firm stance by the Chinese government against corruption is unprecedented and has put it beyond doubt that China has become an enforcement jurisdiction. MNCs operating in China are facing significantly increased compliance challenges as, in addition to FCPA and UKBA, enforcement of local laws and regulations has also started to show “sharp teeth.” We sincerely hope that this new China Anti-Bribery & Corruption Specialist Certification program may serve as a useful tool for this venture.”
Ethical Alliance members can enroll for this certification at no extra cost from now until the end of August in the Members Resources section of our website. Not a member? Join now to enjoy this exclusive benefit, team discounts are also available. Click here to learn more.
Scott Graham is the CEO of ethiXbase. He can be contacted here.