CHINA’S DATA PRIVACY LAWS POSE CHALLENGES FOR CORPORATE FOREIGN CORRUPT PRACTICES ACT COMPLIANCE

Lack of a single, all-encompassing law creates additional hurdles for multinationals conducting third-party due diligenceCompanies that do business in China are under intense scrutiny because of the Chinese government’s crackdown on bribery and corruption and continued efforts by U.S. and U.K. regulators to enforce their own compliance regulations. To further complicate matters, China’s mosaic of privacy laws governing the gathering, use, and storage of data present significant compliance challenges for multinationals conducting due diligence of their third parties.  “With the March 15th