MEDIA RELEASE PR41925
World-Check and UKTI Announce China Seminar Series on Anti-Corruption Compliance in China
LONDON, Oct. 28 /PRNewswire-AsiaNet/ --
World-Check and UK Trade and Investment (UKTI) will launch its China
seminar series in November to examine the impact and implications of the UK
Bribery Act on all companies operating in the global marketplace. The two
events will take place on the 23 & 24 November in Beijing and Shanghai
respectively. Please visit
the events.
The seminars which are jointly sponsored by the UKTI will focus on the
practical issues related to identifying regulatory and reputational risk
exposure in China, review of third party business partners and
anti-corruption best practice. Drawing on the expertise of an impressive
line-up of experts from Asia, the UK and the US including Scott Strain, Head
of UKTI China Financial Services, Michael Osajda, Foreign Corrupt Practices
Act (FCPA) Compliance Specialist, Yuet Ming Tham, Partner, Head of Regulatory
Compliance and Investigations of DLA Piper Asia and John Bradfield the Asia
Pacific Regional Compliance Counsel for Syngenta the event will focus on
priorities and strategies for complying with the Foreign Corrupt Practices
Act and the new UK Bribery Act.
The seminars will not only help companies develop a clear understanding
of emerging corruption risks in China but in concert with UKTI equip
exporters and overseas investors with practical tools and advice to manage
overseas corruption risks.
Commenting on the UK Bribery Act, Scott Strain, Head of UKTI China
Financial Services said: "The new Act will come into force in April 2011 and
will replace old and fragmented laws, equipping prosecutors and courts with
the tools they need to deal effectively with bribery in the UK and overseas.
The Bribery Act reflects the UK's role in the fight against bribery, promotes
international standards and supports an environment of competitive but fair
business practice. A new corporate failure to prevent offence encourages
commercial organisations to adopt bribery prevention measures."
According to Dan Peak, CEO of World-Check: "The Act introduces a new
offence of failing to prevent bribery. This means there is no requirement to
prove corrupt intent. No other piece of international legislation goes as far
as the UK Act which means companies everywhere should ensure that they
understand the scope of the new legislation and proactively reassess their
approach to risk management if they want to minimise the risk of
prosecution."
He continued: "Hosting an event of this kind with the UKTI allows us to
reach out to a broad range of organisations operating both here in China and
abroad to assist them in evaluating the extent to which their existing
compliance regimes will need to be modified to accommodate the requirements
of the Act."
SOURCE: World-Check
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