• Sun
  • Dec 28, 2014
  • Updated: 12:17am

Foreign Corrupt Practices Act

Firms urged to play by the rules when overseas

Chinese firms, which are becoming increasingly important offshore investors, were urged to pay greater heed to issues of corporate social responsibility (CSR) at the recent China Overseas Investment Summit in Hong Kong.

Monday, 28 November, 2011, 12:00am

China big factor in U.S. probes of graft

Some 10 per cent of investigations of companies for breach of the United States' Foreign Corrupt Practices Act (FCPA) in the past five years involve companies doing business in China, international lawyers say.

26 Oct 2011 - 12:00am

HK firms face tough UK anti-bribery law

Thousands of Hong Kong firms will soon be subject to a new British Bribery Act, said to be the strictest anti-corruption law in the world. Yet many are either ignorant of the new law or believe it will not affect them.

6 Jun 2011 - 12:00am

UK bribery law will affect HK businesses

Britain yesterday released guidelines for the world's strictest anti-bribery legislation, which affects UK companies operating in Hong Kong and on the mainland.

31 Mar 2011 - 7:00pm

US brings the law to bear on Chinese graft

The United States' anti-corruption squad is beefing up in the fight against foreign bribery, and has set its sights on China.

'It is not a matter of if, but a matter of when Asian companies will become the target of the investigation,' said Violet Ho, head of China operations for Kroll, a global risk consulting firm. 'Chinese companies are going to be the biggest target.'

27 Jun 2010 - 12:00am

Cracking down on corporate cheats

Companies in the region could find themselves in hot water if they are unaware of strict US anti-corruption laws

Hong Kong companies that comply with local laws on bribery and corruption may still be at risk of prosecution by merely having peripheral dealings with American businesses, which are subject to much tougher laws.

14 Jul 2007 - 12:00am