Linworld's 9th Asia Anti-Corruption Compliance Summit 2023

Linworld Group successfully held 9th Asia Anti-Corruption Compliance Summit 2023 on June 15-16, 2023, in Shanghai Marriott Hotel Hongqiao. This summit was sponsored by White & Case, LexisNexis, BDO, EQS, and supported by Trace International, International Compliance Association, Ernst & Young, PwC, Deloitte, KPMG, King & Wood Mallesons, Zhong Lun Law Firm, Fangda Partners and Morgan Lewis & Bockius, etc.
 
Over 160 delegates discussed the latest Anti-Corruption Compliance strategy and best practice, they are not only from Greater China, but also from Southeast Asia, Middle East, Europe, and USA. Over 35 outstanding speakers from Shanghai Market Supervision Administration, World Bank, Siemens, GE, Novartis, PepsiCo, 3M, Suez, Bosch, HSBC, BNP Paribas, BSI, Clarios, MicroPort, Pernod Ricard etc, gave their practical insights in how to enforce your compliance systems when bribery schemes were getting more and more sophisticated. Over 95% of attendees provided positive feedback to this event and expect to attend next one. “This was the best and largest international Anti-Corruption Compliance summit I had attended in the past three years” some delegates commented.

 
 The following five parts are the themes for the captioned event.
 
Part One: Data Privacy. Our poll showed data privacy was the most pressing and knotty issues in general counsel, compliance officers and other management’ daily works. During the two-day event, almost all speakers and delegates had paid great attention to data privacy issues. In this context, top partners from Ernst & Young, KPMG, Fangda Partners, Global Law Office, and experienced Data Protection Officers and general counsels from Novartis, Dover, Air Products sat together to go deeply into Data Protection Regulatory Framework, Data Cross-Border Transfer, Data Localization Requirement and the steps to Data Protection Compliance. “I have been working as legal and compliance role for about 30 years and must embrace the new technology and data protection compliance, this kind of discussion is very valuable for me.” This is the voice from one industry veteran.
 
Part Two: Deep interpretation of multi-jurisdictional anti-corruption laws and anti-money laundering laws. Speakers from Shanghai Market Supervision Administration, Morgan, Lewis & Bockius, Dentons, AnJie Broad Law Firm and World Bank went deeply into the world bank anti-bribery framework, FCPA, UKBA, China New-Unfair Competition Law, Anti-Monopoly Law, Anti-Money Laundering Law and enforcement trends by policy updates and real case studies.
 
Part Three: Firsthand experiences from industry leaders. The risk management mechanism from Siemens, Best practices in third party diligence from PwC, Investigate Compliance Cases in house with Small Data from Voith, Panel discussion of A Complete and Practical Guide to Effective Third-Party Management moderated by White & Case LLP and another panel of Rethinking Remote and In-Person Internal Investigations: Leading Practitioners Weigh in on Expected (and Unexpected) Lessons from the Pandemic led by King & Wood evoked lively discussions and aroused resonance between attendees and speakers.
 

Part Four: Culture of compliance journey. Industry veterans from GE, PepsiCo, Cargill, Bosch, Grant Thornton, Johnson Matthey shared their experience in how to truly enable employees to accept compliance culture and implement it practically in their own initiative and how to promote a speak-up culture in China. “Creating a culture of compliance means embedding good behaviors at all levels of your organization, especial the middle level managers.” This is the voice from our participants.  
 
Part Five: How to use new technology to help fight corruption and other risks. In this section, in-house counsel from LyondellBasell, HSBC, top lawyers from Zhong Lun Law Firm, and leading experts from Ernst & Young, Deloitte, and BSI hotly discussed how to use ISO37301 and latest technology such as AI, machine learning, big data dashboard, ChatGPT to help fight corruption and optimize compliance systems.
 
Although the event is closed, however the discussion of the above-mentioned topics is still going on. Linworld Group will continue to make efforts to provide platform to those who are interested in learning more about the developments of anti-corruption compliance trends in China, Asia and globally. We strongly believe that general counsel, chief compliance officer, internal auditor, management team and other finance and risk control professionals across all industries around the world will benefit a lot after attending our summit.