Implications of the Foreign Corrupt Practices Act for the Construction of Compliance Systems in Chinese Multinational Enterprises

While multinational enterprises venture abroad in pursuit of high profits, but this also exposes them to increasing risks. Among them, corruption risks and compliance problems in the process of overseas operations have become one of the main obstacles to the development of multinational enterprises. Especially in recent years, the U.S. has utilized the Foreign Corrupt Practices Act (FCPA) to step up enforcement efforts against Chinese enterprises, which has made Chinese multinational enterprises face an even more severe overseas situation. How to improve the compliance system construction of Chinese multinational enterprises has become a hot topic of concern in the theoretical and practical circles. The FCPA serves as a model for the global anti-bribery compliance system, and its specific anti-corruption provisions and enforcement mechanisms are relevant to the current situation of Chinese MNEs' extraterritorial operations and compliance management. Therefore, it is imperative to improve the anti-corruption compliance system of Chinese multinational enterprises based on the FCPA framework.