Search

Editors

Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Harry Cassin Managing Editor


Elizabeth K. Spahn Editor Emeritus

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

Entries in China (817)

Wednesday
Nov142018

China creates more anti-bribery prosecution tools

China recently amended its Criminal Procedure Law (CPL) to codify rules encouraging cooperation in government investigations, align with the new national supervision system, and introduce trials in absentia for certain crimes, including bribery and corruption.

Click to read more ...

Thursday
Nov082018

National security: Are Chinese companies targeted for FCPA enforcement?

Last week, the U.S. Department of Justice announced a new “China Initiative.” According to the press release, the Initiative “reflects the Department’s strategic priority of countering Chinese national security threats and reinforces the President’s overall national security strategy.”

Click to read more ...

Tuesday
Nov062018

After Strkyer II, are per diems atop expenses always improper?

A little-noticed nugget in the recent Stryker SEC Order (Stryker II) -- in addition to overbilling, kickbacks, and using unvetted intermediaries in India and China -- was the allegation that Stryker’s “Kuwait Distributor made over $32,000 in improper ‘per diem’ payments to Kuwaiti [healthcare providers] to attend Stryker events, when Stryker had directly paid the costs for lodging, meals, and local transportation for these individuals.”  

Click to read more ...

Tuesday
Oct232018

China’s ‘tyrannical’ cyberspace chief took millions in bribes

China’s former top internet regulator pleaded guilty Friday to corruption and abuse of power during 15 years of public service.

Click to read more ...

Tuesday
Oct092018

China detains Interpol chief for bribery

Chinese authorities said Monday they detained the president of Interpol during an investigation for bribery and other financial crimes.

Click to read more ...

Friday
Sep282018

Stryker hit with second FCPA enforcement action

Medical device maker Stryker Corp. agreed Friday to pay the SEC a $7.8 million penalty to resolve FCPA books and records and internal accounting controls offenses in India, China, and Kuwait.

Click to read more ...

Thursday
Sep132018

Six compliance failures at United Technologies

United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to settle FCPA offenses related to its Otis Elevator and Pratt & Whitney aircraft engine businesses in China, Azerbaijan, and six other countries.

Click to read more ...

Wednesday
Sep122018

United Technologies pays $13.9 million to settle FCPA offenses in China, Azerbaijan

United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine businesses. 

Click to read more ...

Monday
Aug062018

Nan Wang: Two thousand foreign companies have ADRs. But do they have compliance?

Growing up in the People’s Republic of China, I often heard the proverb, “water that is too clean has no fish.” Sadly, the adage is a rationalization for corruption. It claims that ethical business doesn’t yield profits.

Click to read more ...

Wednesday
Aug012018

World Bank debars China infotech firm

The World Bank debarred a Chinese information technology firm Wednesday for providing a fake certificate for technical equipment needed on a traffic control project in China.

Click to read more ...

Tuesday
Jul242018

Report: China pharma in vaccine scandal involved in multiple bribery cases

The Chinese pharmaceutical company under investigation for producing and selling ineffective children's vaccines has been involved in several recent cases of bribery, according to reports from Asia.

Click to read more ...

Friday
Jul202018

World Bank debars two China construction companies

The World Bank debarred two big Chinese construction companies that lied about their progress on an energy project in China so they would be paid early. 

Click to read more ...