Report
China passes cross-border corruption law
The law requires Chinese companies in cross-border business to establish anti-corruption compliance functions tailored to their size, activities and risks.
TLDR
Chinese companies engaged in cross-border business must establish anti-corruption compliance functions proportionate to their size, business activities and risk exposure under the new law. It also tightens confidentiality requirements, requiring investigators to protect state secrets, commercial secrets and personal data obtained during probes.
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