With President Xi Jinping and his administration’s recent crack-down on corruption, China has exposed a business culture in both the public and private sectors that is plagued with fraud. U.S. companies operating in China have now been put on notice that China’s enforcement agencies will not tolerate activities that may be deemed corrupt or otherwise fraudulent.
Changes in the U.S. may present similar risks. With the Trump Administration openly critical of Chinese imports, currency manipulation, and other business practices, U.S. enforcement agencies of all kinds are turning greater attention to U.S. companies that operate in – and source from – China. Between the Xi and Trump administrations, U.S. companies have strong incentives to strengthen their internal controls and improve their capacity to monitor Chinese fraud from the U.S..
To discuss these unprecedented anti-corruption efforts by the Chinese government and their effects on the current business climate will be Foley partner Scott Fredericksen, Senior White Collar Criminal Defense Partner, as well as Grant Thornton Forensic Advisory Services Partner, Tim Klatte (Grant Thornton, China) and Forensic Advisory Services Senior Manager, Paul Peterson.
This panel will cover a variety of topics including:
To learn more or register for this event, click here.