Chinese authorities have been taking a hard-line approach against bribery. This unprecedented focus on anti-corruption enforcement has reverberated throughout China, from the top of the Communist Party hierarchy to government offices at all levels, and even to executive board rooms across the country.
Lessons for MNCs: Anti-corruption and bribery in China
MNCs must understand Chinese anti-bribery laws and that violations on the ground can have severe extra-jurisdictional effects under the FCPA and UK Bribery Act, examine business practices and have compliance controls checked by both foreign and local counsel
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