USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
    Business
    Home / Business / Companies

    EY says firms in war on graft

    By Wu Yiyao | China Daily | Updated: 2017-06-05 07:55

    Chinese companies are tightening up their compliancy rules, and cracking down on bribery and corruption.

    Stamping out "graft" has become a major priority for businesses here in the past two years, according to Emmanuel Vignal, head of Fraud Investigation & Dispute Services Department at EY in China.

    "There is greater awareness about unethical and illegal behaviors," he said.

    Vignal's comments came after a survey by global accounting giant EY, formerly known as Ernst & Young, revealed that awareness of bribery and corruption in the Asia-Pacific region had nearly doubled in the past four years.

    The findings showed that 63 percent of employees polled at large companies believed corrupt practices "happened widely". The study covered 14 markets in the Asia Pacific, including China and India.

    In 2013, the figure was just 32 percent, according to EY, one of the "Big Four" accounting firms based in London. Even in 2015, it was only 60 percent.

    China is making vast inroads into tackling the problem.

    Zhong Xue, a compliance professional with the Shanghai Pudong Development Bank, felt stamping out "graft" had become a major priority for business.

    "My personal understanding is that compliance is now no longer considered a costly add-on to business but a vital function in reducing risks," Zhong said. "This is an important part of maintaining a company's reputation and securing business as well as retaining talent.

    "For compliance professionals this means more workload and more resources."

    Still, corruption problems persist in the wider Asia-Pacific region, the EY poll of 1,698 employees at large companies showed.

    Financial institutions have come under close scrutiny from regulators and are now pursuing tougher compliancy rules. But the survey pointed out that other companies need to do more to expose corrupt practices.

    "Regulators expect financial institutions to be responsible for maintaining a robust anti-money laundering policy and a sanctions compliance program for their entire operation," said Manhim Yu, a partner in Fraud Investigation & Dispute Services Department at EY in Hong Kong.

    "As such, financial institutions must ensure their outsourcing vendors maintain the same anti-money laundering compliance control standards as the financial institutions themselves."

    Most Viewed in 24 Hours
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
     
    精品无码人妻一区二区三区| 精品久久久无码中文字幕天天| 最近中文字幕高清中文字幕无| 日韩一区二区三区无码影院 | 色欲狠狠躁天天躁无码中文字幕| 午夜亚洲AV日韩AV无码大全| 亚洲欧美日韩在线中文字幕| 人妻少妇精品无码专区动漫 | 久久久无码精品亚洲日韩按摩| 日本久久中文字幕| 天堂中文在线最新版| 无码人妻丰满熟妇啪啪| 免费A级毛片无码视频| 中文字幕无码乱人伦| 炫硕日本一区二区三区综合区在线中文字幕 | av一区二区人妻无码| 亚洲热妇无码AV在线播放| 久久伊人中文无码| 欧美精品中文字幕亚洲专区| 永久免费无码日韩视频| 日韩少妇无码喷潮系列一二三| 日日摸日日踫夜夜爽无码| 亚洲精品无码午夜福利中文字幕 | 无码福利写真片视频在线播放| 亚洲欧美日韩国产中文| 欧美中文字幕一区二区三区| 综合国产在线观看无码| 亚洲精品欧美精品中文字幕| 亚洲AV永久无码一区二区三区| 亚洲AV无码乱码在线观看牲色| 国产自无码视频在线观看| 久久精品无码免费不卡| 免费A级毛片无码无遮挡| 四虎成人精品国产永久免费无码| 97人妻无码一区二区精品免费| yy111111少妇无码影院| 日韩精品无码久久一区二区三 | 视频一区二区中文字幕| 熟妇人妻无乱码中文字幕真矢织江| 中文成人无码精品久久久不卡 | 亚洲国产精品无码久久久蜜芽|