Jurisdiction

It is well-known that doing business in East Asian countries such as China requires the building up of guanxi which inevitably involves bribery and corruption. The US Government is stepping up enforcement of the Foreign Corrupt Practices Act (FCPA) in Asia, and China is "by far the single most involved country in FCPA matters". A number of US companies have been penalised since 2002 for pay bribes, financing travels or giving gifts to Chinese government officials. With over 500 of the more than 800 Chinese nationals accused of embezzling more than 70 billion yuan who had fled overseas still at large, China is also strengthening cooperation with foreign law enforcement agencies and international watchdogs.