World-Check Anti-Corruption Asia Seminars Attract Over 130 Delegates

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World-Check integrated services offer multinational companies Know Your Customer screening of small and large client databases to understanding the background of potential partners with in-depth specialist FCPA and UK Bribery Act compliance reports.

World-Check (http://www.world-check.com/) recently held anti-corruption compliance seminars in Hong Kong and Singapore, attracting over 130 attendees to the expert led events. Speakers shared their experience and best practise guidelines on how companies can prepare for Bribery Act compliance. The new UK Bribery Act is landmark legislation and will set new standards for individuals and companies engaging in commerce on an international scale.

By criminalizing private bribery wherever it occurs in the world, the new law will highlight the need for totally transparent business transactions as it closes the loophole of facilitating payments and emphasizes that corruption of government officials is wrong.

Commenting on the seminar Mike Short, Head of EDD for World-Check, said: “The new law significantly increases its reach by including not only UK businesses, but any non-UK enterprise that does business, or any part of its business, in the UK. So, for example, a US company with a representative office in the UK may be prosecuted for failing to prevent bribery by an agent whose actions are alleged to have ‘influenced’ a public official in China. Understanding exactly who one is doing business with in all operations across the globe is key, as no part of the offence needs to touch the UK or UK operation in order to trigger the Act. Though the SFO is yet to publish adequate procedure guidelines, we are advising clients to have a comprehensive, updated and auditable anti-bribery compliance program in place, and to be prepared to act promptly and effectively to remedy any problems that do arise.”

Multinational and UK corporates currently reassessing the risks they may face for non-compliance should be focusing on knowing the background and ethics of employees and business associates. World-Check integrated services offer multinational companies Know Your Customer screening of small and large client databases to understanding the background of potential partners with in-depth specialist FCPA and UK Bribery Act compliance reports.

About World-Check
Trusted by more than 4 500 institutions in over 160 countries, including 49 of the world’s top 50 banks, World-Check offers an end-to-end solution for assessing, managing and remediating financial, regulatory and reputational risks. World-Check’s global database of Politically Exposed Persons (PEPs) and heightened risk individuals and entities, due diligence reports, passport verification and country risk assessment tools provide the means to address the full spectrum of risk across all markets and industries. Represented across five continents, World-Check’s international research team monitors emerging risks in more than 50 languages, covering over 240 countries and territories worldwide.

For more information visit http://www.world-check.com/

Media Relations:
Marion Willson
World-Check Media Desk
E-mail: mw2(at)world-check(dot)com

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Marion Willson
World-Check
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