Linworld's 14th Asia Anti-Corruption Compliance Summit 2024

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Linworld group held 14th Asia Anti-Corruption Compliance Summit 2024, April 23-24, 2024. M Hotel Singapore, Singapore. During the two days event, over 30 outstanding speakers from DOJ, CPIB, MACC Malaysia, GE, GSK, Pfizer, Nokia, Siemens, FedEx, Citi, Bayer, Beam Suntory, Ernst & Young, FMC Corporation, Ericsson, UPS, HP Manulife, Deloitte, etc gave speeches and discussions regarding latest developments, challenges and cases regarding the Anti-Corruption and Compliance. Most of the participants provided positive feedback to this event and expect to attend next one so that they can get another chance to learn about China-US and ASEAN policy updates, recent FCPA enforcement, best compliance practices, first-hand experiences, third-party due diligence, risk control management, internal investigation guidance, new technology to fight corruption, General Data Protection Regulation, the Data Security Law, and Personal Information Protection Law, and other hot topics.

Below are two main parts for the event.

1, Recent actions, investigations and case study from southeast Asia countries, China, USA, and India, etc.

1.1 USA: Head of the Fraud Section of the U.S. Department of Justice introduced Recent Trends and Investigations in FCPA Enforcement. 

1.2 China: Lawyer from Fangda Partners delivered Key Corporate Compliance Issues for Multinational Companies Operating in China: in the era of increasing geo-political tensions: Anti-Espionage Law; Data security laws; China’s counter-sanctions legislations; Anti-corruption related campaign and enforcements. From the on-site situation, the participants were thirst about almost everything happened in China.

1.3 India: Head of Ethics & Compliance India of GSK presented How to Proactively Identify Compliance Weak Spots When Operating in India: Evolving regulatory landscape; Local compliance regulations; Compliance focus areas (risks); Approach to identify compliance related risk; Elements of effective compliance program. Numerous questions from delegates reflected their great interest in this huge country.

1.4 Singapore: Director, Investigations from Corrupt Practices Investigation Bureau (CPIB) unveiled Control Measures of Singapore: Reduce the Chances of Corruption: Recent legal developments; The new progress of conventional functioning styles and investigation methods; Great efforts to crackdown corruption behavior in private sector.

1.5 Malaysia: Chief Senior Assistant Commissioner from MACC Malaysia presented Anti-Corruption Laws and Enforcement in Malaysia: The Anti-Corruption Commission (Amendment) Act 2018; The jurisdiction of MACC under the MACCA and the Penal Code (PC) during the investigation bribery offenses; Trends and expectations.

1.6 The rest of ASEAN: The elite partner from Dentons Rodyk & Davidson introduced Anti-Bribery Law Update 2024 APAC: Overview; Latest legal developments and enforcement trends; Red flags, compliance issues and risk management.

1.7 Europe: Chief Compliance Officer from Herrenknecht provided European view by talking about How Do European Regulatory Due Diligence Requirements Impact Asian Companies: Know your business partner: Export control; Anti-money laundering; Supply chain act; Anti bribery and corruption.

2, Firsthand experiences from industry leaders.

2.1 Partner of Ernst & Young Shared: ISO 37001 Building a Sustainable Culture of Integrity Monitoring Enabled by Technology and AI: ABMS: Involving key management and functional teams; Implementing an effective ABAC / ISO 37001 program; ISO 37001-key success factors; Making ABMS everyone’s responsibility.

2.2 Southeast Asia Forensic Partner from Deloitte, Director of Investigations, AP & Japan from Hewlett Packard Enterprise, Senior Counsel, Compliance from LyondellBasell, Counsel, Regulatory Compliance, China/Korea &

APAC fromTyson Foods joined together for Panel Discussion of Compliance Monitoring Innovative Technology Solutions: AI and machine learning in compliance; RegTech (Regulatory Technology) and blockchain technology; Cloud-Based compliance solutions.

   2.3 Latest Developments on GDPR, Cyber Security Law and other Data Privacy Laws.

2.3.1 Senior Privacy Counsel, Asia-Pacific Privacy Leader from GE HealthCare brought a very interesting topic. Personal Data Protection and Artificial Intelligence Governance in Asia Pacific: Personal data protection laws; How to manage your personal data protection governance? Data protection to AI governance; Data protection officers to data ethics officers.

2.3.2 Panel Discussion: How to Manage the Expected and Unexpected Impact of GDPR, Data Privacy, Cyber Security and Internal Investigations attracted Partner from Bird & Bird, Regional Compliance Head - Asia Pacific from Hoya Vision Care, General Counsel for Asia, Middle East and Africa from Lloyd's Register, Deputy General Counsel from Eastern Pacific Shipping discussed how to deal with real-world impact of GDPR, China’s New Data Security Law and other Asia data privacy laws on the course of internal investigations; When legal privilege can and cannot apply; Challenges and difficulties.

   2.4 Best Practices for Third Party Due Diligence, Internal Audit, Risk Control and Effective Investigations.

2.4.1 Asia Compliance Officer from Beam Suntory gave a presentation titled Corporate Self-Assessment and Internal Investigation: Paying close attention to company self-assessment; How to ensure the effectiveness of internal investigation; How to combine better company self-assessment and internal investigation; How to build an effective strategy mechanism to encounter the possible investigation request or during the Dawn Raid from DOJ, SFO or APAC authorities.

2.4.2 Third Party Due Diligence: Best Practice in Preventing Bribery by Managing Director Legal Compliance from FedEx: Third party due diligence risk-based model; Key considerations when conducting due diligence; Red flags to watch out for; SOP to follow up if your business partner in APAC is under investigation.

2.4.3 The third Panel: Fraud Risks in Malaysia/Southeast Asia and the Importance of Using Intelligence to Mitigate Third Party Risks with Head of Litigation Support and Forensics from RSM, Head Of Law Patents and Compliance ASEAN from Bayer, APAC Chief Anti-Bribery & Corruption Officer from Citi, General Counsel from Amcor Flexibles discussed What areas present the most risk in Malaysia/Southeast Asia; How big data analysis and AI is applied to detect third party risk; How to mitigate and manage discrepancies between southeast Asia countries in third party risk.

2.5 Building the Updated and Robust Compliance Systems to Encounter Anti Money Laundering, Global Trade Compliance, Anti-Trust, Anti-Corruption and More.

2.5.1 SVP Compliance from Skillsoft gave a lecture on ABAC Controls: How to Build an Effective Training Program to Mitigate and Manage Your ABAC Risk: Understanding your ABAC risks; Designing an effective training program; Measuring and communicating training effectiveness; Using training as a predictive measure

2.5.2 Regional Export Compliance Manager from Rohde & Schwarz enriched the summit with his speech Compliance Programme –From Export Control Perspective: Why do we need an Internal Compliance Programme (ICP)? How to develop and improve ICP? Essential Elements of an ICP.

2.5.3 The fourth Panel Discussion: How Bribery Schemes are Getting More Sophisticated and How to Detect Them gathered Partner from KPMG, Asst General Counsel, Regional Counsel, APAC from FMC Corporation, Regional Head (AEJ), Anti-Bribery and Corruption from Nomura, Head of Compliance & Ethics APAC from WPP, came up with innovative views regarding: How multinationals in APAC are upgrading their compliance programs in response to global trade tensions; How to integrate data security, anti-bribery, antitrust and other core requirements into your global compliance program; How to maintain an effective global sanctions compliance programme.

2.6 The last but not the least, Panel of Culture of Compliance Journey joined by Partner from Wong & Partners, Vice President - Legal, Asia Pacific Region from UPS, Asia Pacific Compliance Director from Merit Medical Systems, AVP and Regional Senior Counsel Asia from Manulife brought many interested ideas: The best compliance culture: Mandatory or persuasive; Key elements in fostering a culture of compliance; Setting the tone at the top and middle: Implementing an effective communications strategy; Practical insights on how culture impacts compliance.

Above are the main contents for the two-day event, although the 14th Asia Anti-Corruption Compliance Summit 2024, April 23-24, 2024. M Hotel Singapore, Singapore was 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 our summit.