Linworld's 13th China International Anti-Corruption Compliance Summit 2024

Linworld group brought a feast of knowledge on May 28-29, 2024: 13th China International Anti-Corruption Compliance Summit 2024 Shanghai Marriott Hotel Hongqiao, Shanghai, China, this summit attracted over 120 delegates from leading companies such as Shell, UPS, GSK, Sony, PepsiCo, Lenovo, Alibaba, JP Morgan, Siemens, GE, Microsoft, Abbott, AstraZeneca, Embraer, Harley Davidson, Roquette etc. Participants came from US, Europe, Japan, Singapore, Middle East, China to discuss latest developments, challenges and cases regarding anti-corruption and compliance field. Over 40 speakers from Shanghai Market Supervision Administration, Shanghai Municipal Public Security Bureau, USDOJ, Siemens, Novartis, GE, Bosch, Dow Jones, Kirkland & Ellis, Ernst & Young, KPMG, PwC, Deloitte, 3M, Morgan, Lewis & Bockius, King & Wood Mallesons, Thermo Fisher, La Prairie, HSBC, Fangda Partners, Olympus, Zimmer Biomet, LexisNexis, LyondellBasell, GSK, Cargill, Henkel, Trane Technologies, SIG, Albemarle, DSM, etc., gave their practical insights on how to enforce compliance systems when bribery schemes was getting more and more sophisticated.

In general, the summit consisted of two main parts:

1, Sino-US Anti-Corruption Related Legislation and Enforcement

1.1 FCPA: Head of the Fraud Section of the U.S. Department of Justice introduced recent trends and investigations in FCPA enforcement, current trends & policy developments, practical advice and the newly Announced (April 15, 2024) DOJ Immunity Pilot Program.

1.2 China Anti-Unfair Competition Law: Director from Shanghai Market Supervision Administration delivered speech focus on authoritative interpretation into highly-focus items, the enforcement trends in China and takeaways for companies doing business in China.

1.3 The Trends of Criminal Investigation in Commercial Bribery and Case Study: The police officer from Shanghai Municipal Public Security Bureau shared the evolution of bribery methods, the application of new technology in evidence collection and cracking down commercial bribery, the development of social credit system and its impact.

1.4 Analysis of Key Elements for the Non-Prosecution of Criminal Compliance: Partner from King & Wood Mallesons brought her following thoughts: Introduction to the legal standards, the scope of application, the initiation mechanism and main proceedings.

2, Firsthand Experiences Sharing from Industry Leaders

2.1 How to use new technology to help fight corruption and other risks. In this section, in-house counsels from JP Morgan, Novartis, Zimmer, Albemarle, ZF, Dover, Trane Technologies, La Prairie, Dsm-firmenich, top lawyers from Quinn Emanuel, Steptoe, Zhonglun, AllBright Law Offices, Dacheng Law Offices, Debevoise & Plimpton and leading experts from Kroll, Ernst & Young, PwC, KPMG, Deloitte, Grant Thornton, Shine Cloud & Partners, LexisNexis and BSI sat together to discuss how to use ISO37001 and latest technology such as AI, machine learning, big data dashboard, Chatgpt to help fight corruption and deal with GDPR, China’s New Data Security Law, Personal Information Protection Law and Other Data Regulations.

2.2 Firsthand experiences from industry leaders. The risk management mechanism from Thermo Fisher, How to build an effective E&C program for a global company from Siemens, Building an effective whistleblower system from GE Vernova, Best practices in third party diligence from Novartis, Data security law, anti-sanction law and how relevant blocking regulations might impact the investigatory and auditing from Han Kun Law Offices, possible pitfalls in internal investigations from Voith, Guidance for maintaining privilege during an investigation in China from Kirkland evoked lively discussions and aroused resonance between attendees and speakers.

2.3 Culture of compliance journey, industry veterans from Bosch, Olympus, 3M, Morgan Lewis & Bockius LLP, Fangda Partners, SIG, Microsoft, Pfizer shared their experience in how to truly enable employees to accept compliance culture and implement it practically in their own initiative. How to promote a speak-up culture in China and how to dealing with Dawn Raid are also heated discussed.

Over 95% of attendees provided positive feedback to the event and expect to attend next one so that they can get another chance to learn from governmental officials, elite lawyers, compliance veterans and top partners from Big Four. Although the two-day’s 13th China International Anti-Corruption Compliance Summit 2024 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, EMEA and globally. We strongly believe that general counsel, chief compliance officer, internal auditor, management team and other HR, finance and risk control professionals across all industries around the world will benefit a lot after attending the summits. Last but not least, great thanks to our sponsors: Kirkland & Ellis, Han Kun Law Offices, Debevoise & Plimpton, Kroll, and LexisNexis.