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

Jaclyn Jaeger | April 23, 2018

The establishment of a powerful new anti-corruption enforcement body in China makes it imperative that foreign multinational companies carefully review existing interactions with public officials in the country and enhance their due diligence and third-party risk management efforts.

On March 20, China’s legislature—the National People’s Congress (NPC)—passed the Supervision Law, granting broad and powerful investigative and enforcement powers to the newly created National Supervisory Commission (NSC), the highest ever anti-corruption agency in China. The NSC is the merging of the Ministry of Supervision under the State Council (China’s Cabinet) and the anti-corruption investigation department of the Supreme People’s Procuratorate (the agency at the national level responsible for both prosecution and investigation in the People’s Republic of China). The new NSC will also carry out the responsibilities of the Communist Party of China’s Central Commission for Discipline...

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