Effective 15 May 2022, new provisions set lower thresholds for criminal cases to be filed for commercial bribery, such as offering or accepting bribes not involving officials, embezzlement and misappropriation of funds. One of several recent initiatives to strengthen China’s approach to dealing with commercial crimes, the new rules will make it easier and more likely for the criminal authorities to prosecute individuals and entities that engage in these crimes. This could also trigger businesses in China to review their internal compliance policies, to ensure that these align with the new thresholds.
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