A recent scandal at a major Chinese public hospital revealed that many of the public hospitals across the country outsource their medical services to private companies and employ doctors as independent contractors. That could raise doubts about some public hospital doctors in China being "foreign officials" under the FCPA.
Entries in state-owned enterprises (5)
China has chosen seven audit firms including PwC, BDO, and Grant Thornton to examine the overseas assets of major state-owned enterprises (SOEs) following an open tender held last month.
In the world of anti-corruption internal controls, there is no “one-size-fits-all” model. Ideally, design and implementation of such controls should be thoughtful, rigorous and based on a robust and re-performable corruption risk assessment.
The Securities and Exchange Commission Monday charged Bruker Corporation with violating the Foreign Corrupt Practices Act by paying for sightseeing trips and shopping expenses for Chinese government officials responsible for buying the company's products.
Business opportunities in China abound. But as anyone who reads the FCPA Blog knows, compliance there can be particularly challenging. Understanding how the FCPA has tripped up others and knowing recent enforcement trends are critical first steps.