All China articles – Page 2

  • Article

    China’s new anti-graft agency brings key compliance risk

    2018-04-23T11:30:00Z

    A powerful new anti-corruption enforcement body in China makes it imperative that firms carefully review existing interactions with public officials in the country.

  • Blog

    Trump's new tariffs could trigger trade war with China

    2018-04-04T11:45:00Z

    In response to what the White House views as China’s unfair trade practices, the Office of the U.S. Trade Representative has announced a list of products that could be subject to additional tariffs. China has countered with a list of its own.

  • Bistrong_opinion
    Article

    My Compliance Library: 'China's Crony Capitalism'

    2018-04-03T10:15:00Z

    In China’s Crony Capitalism, we see a system that is endemically corrupt and nearly impossible to reform. Richard Bistrong explores the 2016 novel by Minxin Pei.

  • Article

    China amends, clarifies law addressing commercial bribery

    2018-02-13T14:15:00Z

    For the first time in two decades, Chinese regulators have amended the Anti-Unfair Competition Law, giving companies more clarity on what constitutes commercial bribery.

  • Article

    The China conundrum: balancing risk and reward

    2018-01-17T10:15:00Z

    From White House intervention to tough new cyber-security laws, doing business in China is becoming even more difficult for U.S. companies.

  • Blog

    MoneyGram merger is latest casualty of CFIUS, Chinese trade battle

    2018-01-10T12:15:00Z

    MoneyGram and Ant Financial Services Group, an affiliate of China-based Alibaba, have mutually agreed to terminate their planned merger due to their rejection by the Committee on Foreign Investment in the United States. The rejection is the latest effort by the Trump Administran to curb corporate dealmaking with Chinee entities.

  • Blog

    PCAOB disciplines PwC, Crowe Horwath affiliate

    2017-08-08T16:00:00Z

    The PCAOB has disciplined PwC over a broker-dealer audit lapse and Crowe Horwath HK over an investigation involving a China-based company.

  • ChinaCyberSecurity
    Article

    A look at China’s sweeping new cyber-security law

    2017-03-07T10:15:00Z

    Beijing has officially put foreign companies operating within China on notice: Improve your data privacy practices and cyber-security controls, or face the consequences.

  • Blog

    China continues to be a source for FCPA violations

    2017-01-24T16:45:00Z

    An astounding 16 corporate FCPA enforcement actions in 2016 were derived from China, leading The Man From FCPA Tom Fox to explore how to tackle business relationships with the complex country.

  • Blog

    PCAOB publishes views on conflict with China rules

    2017-01-03T08:45:00Z

    To address how U.S. audit rules intersect with those in China, the PCAOB has published a four-page Q&A to explain its views on why firms subject to its rules should observe them. Tammy Whitehouse reports.

  • Blog

    Ethics training and parking spaces

    2016-11-29T10:15:00Z

    A parking space is seen as a definite perk for U.S. executives, but perhaps not so in other countries. Tom Fox looks at the recent case of former Daimler President Rainer Gärtner, who—while operating out of the firm’s China-based location—overreacted to improper use of his parking spot.

  • Blog

    Tales of crocodile tails under the FCPA

    2016-10-25T10:45:00Z

    While the FCPA makes clear it prohibits providing anything of value to a foreign governmental official, who’s to say what has value? For U.S. officials, it could be jewelery, cash, or sports tickets. But for Chinese executives, it could be something more exotic, say ... crocodile meat? Tom Fox has ...

  • Blog

    Was the GlaxoSmithKline FCPA resolution a missed opportunity?

    2016-10-11T11:30:00Z

    Tom Fox questions whether U.S. regulators missed a chance to illustrate how they would give credit for anti-corruption prosecutions done by other governments in the case of GlaxoSmithKline’s China subsidiary’s recent FCPA resolution.

  • Blog

    Harris declinations: A landmark FCPA case?

    2016-09-23T09:45:00Z

    The SEC will not take action against Harris Corp. for FCPA violations, but has brought charges against a former Harris executive for bribing Chinese government officials to obtain business. Jaclyn Jaeger explores.

  • Blog

    Compliance fail: Chinese bank employees publicly spanked for poor performance

    2016-06-22T10:15:00Z

    A disturbing video of a Chinese bank's effort to improve employee performance -- through public, violent spankings of employees -- was posted yesterday. The video, which will make even the most hardened U.S. compliance officer cringe, shows a line of employees from Changzhi Rural Commercial Bank being subjected to an ...

  • Blog

    SEC approves PCAOB budget; Doty promises new proposals soon

    2016-03-14T20:30:00Z

    Image: With majority support from the SEC—all two of them, that is—the PCAOB has finalized its 2016 budget with a 12-percent increase in fees charged to public companies to support it. Only SEC Chair Mary Jo White and Commissioner Kara Stein supported the PCAOB’s $257.7 million budget for the current ...

  • Blog

    PCAOB Sanctions China-Based Firm for Stalling Investigation

    2016-01-14T17:00:00Z

    With its negotiations over regulatory access to China stalled, the PCAOB has settled a disciplinary order against Hong Kong audit firm PKF HK and three employees accused of failing to cooperate with an investigation. The board has revoked the registration of the company and censured the firm, contending that PKF ...

  • Blog

    Checking Up on GSK in China

    2015-12-01T13:30:00Z

    When thinking through an FCPA risk assessment, one thing usually not considered adequately is a company’s sales culture. To see the consequences of that, one need look no further than GSK’s corruption troubles in China—but, CW blogger Tom Fox writes, the reforms GSK has implemented with its sales force are ...

  • Blog

    Chinese Open New Front in Anti-Corruption Investigations

    2015-10-22T14:15:00Z

    The Chinese fight against bribery and corruption took an interesting twist earlier this month, when it was announced that the former head of the national oil company, Sinopec, was being investigated for bribery and corruption in the securing of contracts in Angola. If this investigation continues it could open a ...

  • Blog

    New U.S.-China Corruption Cooperation Initiative

    2015-10-01T16:15:00Z

    Image: An interesting development reported this week: The United States and China have agreed to cooperate on the seizure of assets obtained through corruption and on the deportations of Chinese nationals from the United States who engaged in bribery and corruption in China and later fled to America for sanctuary. ...