The allegations of bribery and corruption by the UK company GlaxoSmithKline are a true game changer for the compliance world. This is the first time that the Chinese have enforced their domestic anti-corruption laws against western corporations doing business in China. It makes clear that doing business the 'old fashioned way' in China through bribery and corruption will no longer be tolerated.
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Topics: Bribery, China, Compliance, Corruption, FCPA, Foreign Official, GlaxoSmithKline
Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Mergers & Acquisitions Updates, Securities Updates