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China Opens Access to Centralized Database of Bribery Convictions (Sunnyvale, CA) - China’s major investigatory and prosecutorial division - Supreme People’s Procuratorate (SPP) along with other PRC anti-corruption organizations declared the availability of a centralized database of individuals and companies charged with bribery offenses to the public on February 16, 2012. Companies and individuals will now be able to check for companies or individuals with bribery convictions throughout mainland China thus, eliminating the cumbersome task of checking every province or region individually. In 2006, the SPP’s database was limited to construction, health/medicine, finance, education and government procurement. However, in 2009, the SPP announced to include all sectors, but had provincial limitations, requiring companies to apply to 31 provincial-level bodies under central government. The SPP announcement on the integration of the regional level database of bribery convictions indicates the government’s effort to make such information easily available to the public. Although online applications may be currently unavailable, companies are allowed to submit a written application with name and details of the individual or company they want to check, along with a copy of their business license. Please call/email for more details. Get the latest press releases and updates on international tax, compliance and other legal news at Nair & Co. Industry Alerts. About Nair & Co. Nair & Co. provides you with your one touch outsourced finance, internal audit compliance, HR and legal department for your international operations. If you are expanding abroad for the first time, our turnkey solution will help you do so with minimal risk, stress and cost. We currently support more than 1000+ client operations in over 50 countries and have core offices in U.K., India, China, U.S., Japan and Singapore. Nair & Co. was named among the top 100 outsourcing services providers in the world by the International Association of Outsourcing Professionals (IAOP). Learn more at www.nair-co.com Read more on: International financial reporting


China Opens Access to Centralized Database of Bribery Convictions