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Richard L. Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior 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 Fapiao (5)

Tuesday
Jan242017

Compliance Alert: China imposes ‘two invoice’ limit on pharma distribution

China announced a new policy this month that aims to reduce corruption and control the price of pharmaceuticals by effectively requiring there to be at most one distributor between the pharmaceutical manufacturer and the end hospital.

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Thursday
May212015

Fapiaos (Part 4, conclusion): How to minimize the compliance risk

Part 1 of this series explained what a fapiao is, and Part 2 outlined the different types of fapiaos in China. Part 3 described common ways that fapiaos are misused for fraud, embezzlement, and corruption.

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Wednesday
May202015

Fapiaos (Part 3 of 4): Fakes and frauds abound

Part I of this series explained what fapiaos are and why they are used, and Part 2 explained the different types of receipts and fapiaos in China. Today, we explore the most common fapiao-related schemes.

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Tuesday
May192015

The fapiao compliance mystery (Part 2 of 4): An illustrated guide

Part 1 of this series explained what fapiaos are and why they are used.  Today, we examine the different types of receipts and fapiaos in China.

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Monday
May182015

Unlocking a mystery of China compliance: Fapiaos (Part 1 of 4)

Machine printed fapiao (restaurant)Anyone who has spent time dealing with compliance issues in China has come across the fapiao (发票). This four-part series will try to explain (1) what a fapiao is, (2) the different types of fapiaos and receipts in China, (3) how fapiaos can be misused for fraud, embezzlement, and corruption, and (4) ways to counter these schemes to minimize compliance risk.

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