Linworld's 16th Asia Anti-Corruption Compliance Summit 2024
Linworld group held 16th Asia Anti-Corruption Compliance Summit 2024, November 20-21, 2024. Crowne Plaza Hong Kong Kowloon East, Hong Kong. During the two days event, over 40 outstanding speakers from CPIB, MACC Malaysia, The Anti-Bribery Committee Japan, KPK Indonesia, Anti-Corruption Bureau Government Inspectorate of Vietnam, former DOJ officer, GE, GSK, CSL Behring, Knorr-Bremse, Siemens, Cook Medical, Citi, Bayer, McDonald's, Ernst & Young, LyondellBasell, KPMG, PwC, Ericsson, Eaton, HP, Microsoft, Marriott, Manulife, Deloitte, etc. gave speeches and discussions regarding the latest developments, challenges and cases regarding the Anti-Corruption and Compliance field.
Over 120 delegates (General Counsel, Legal Director, Internal Audit Director, Compliance Director, Legal Counsel, C-levels, and other HR, Finance and Risk professionals, etc) from Fortune 2000 attended this summit and over 90% of them provided positive feedback to the event and expected to attend next one so that they can get another chance to learn more 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.
The two-day event mainly consist of below topics.
1, Recent actions, investigations and case study from southeast Asia countries, Japan, USA, and India, etc.
1.1 USA: Former DOJ Officer introduced
Recent Trends and Investigations in FCPA Enforcement: FCPA Policy and Legislative Developments Corporate; Whistleblower Pilot Program; Pilot Program on Voluntary Self-Disclosure for Individuals; Revision of Evaluation of Corporate Compliance Program; Enforcement Case Study
1.2 China: A partner from Zhong Lun Law Firm delivered
“Key Corporate Compliance Issues for Multinational Companies Operating in China”: China Anti-corruption Landscape Laws and regulations; Enforcement Trends – Domestic; Practical Notes- Who Can Investigate? How to Collect Evidence? Actions to be Taken
1.3 India: Partner of Forvis Mazars presented
“How to Proactively Identify Compliance Weak Spots When Operating in India”: Challenges When Operating in India; Regulators Actions; India Common Examples of Blind Spots; Compliance Oversight; India Proactive Measures to Identify Weak Spots
1.4 Japan: Secretariat of The Anti-Bribery Committee Japan came up with an excellent speech
“Guidance on Prevention of Foreign Bribery” in Japan: The Dissemination of the JFBA’s Anti-Bribery Guidance; The Development of an Anti-Bribery Assessment Tool; Tokyo Principles for Strengthening Anti-Corruption Practices
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 Indonesia:
“Gratuities, Facilitation Payments, and Bribery in Indonesia” brought by Director General of Gratuities KPK Indonesia: Evidence of Bribery’s Impact on Business and Society; How Does Indonesian Law Define Hospitality, Facilitation Payments, and Bribery; Corporate Liability for Bribery and Corruption Offenses; Proposed Reforms in the Coming Years
1.7 Vietnam:
“Anti-Corruption Legislation and Case Studies in Vietnam” by Director General from Anti-Corruption Bureau Government Inspectorate of Vietnam: Brief Introduction to Anti-Corruption Law and Provincial Anti-Corruption Assessment (PACA); Detailed Interpretation of Vietnam’s New Penal Code; Regulatory Compliance Issues and Risk Management in Vietnam
1.8 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
1.9 APAC: Partner from Baker & McKenzie shared their experience on
Anti-Bribery Law Update 2024: APAC Global Enforcement Trends; Key Anti-Bribery and Anti-corruption Laws APAC; Enforcement Trends
2, Firsthand experiences from industry leaders.
2.1 How to use new technology to help fight corruption and other risks. In this section, in-house counsels from Citi, CSL Behring, Cook Medical, McDonald's, Microsoft, Marriott, TI Fluid Systems, HP, Sanofi, top lawyers from Paul Hastings, Steptoe, Zhonglun, K&L Gates, Bird & Bird, DLA Piper and leading experts from Baker McKenzie, Ernst & Young, PwC, KPMG, Deloitte, Control Risks, Dow Jones, 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, APAC Data Security Law, Personal Information Protection Law and Other Data Regulations.
2.2 Firsthand experiences from industry leaders. The risk management mechanism from Ramboll, How to build an effective E&C program for a global company from Siemens, Building an effective whistleblower system from EQS, Best practices in third party diligence from Novartis, Role of regional GC/Compliance Officer in shaping/enforcing your company’s Anticorruption policy from Eaton, How online adverts are causing companies to inadvertently break data privacy laws from Polygraph, How multinational corporations in Asia manage risk from investigation and disputes from Paul Hastings evoked lively discussions and aroused resonance between attendees and speakers.
2.3 Culture of compliance journey, industry veterans from GSK, Manulife, Bayer, Morgan Lewis & Bockius LLP, Fangda Partners, SIG, 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 deal with dawn raid are also heated discussed
Although the two-day’s 16th Asia Anti-Corruption Compliance Summit 2024 is closed, however the discussion of the above-mentioned topics are 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. Finally, great thanks to our sponsors from Dow Jones, LexisNexis, BDO, Polygraph and EQS, our supporting partner from Asia Briefing, International Compliance Association and The Association of Governance Risk and Compliance.
