ChinaWhys Managing Director Peter Humphrey addressed the Anti-Monopoly & Anti-Competition Law Summit in Beijing 26 May 2010 on the subject of "Conducting Anti-Monopoly and Unfair Competition Investigations in China". Peter outlined some of the common scenarios requiring investigative approaches by companies, "taking the pulse" by gathering business intelligence before sensitive M&A deals, avoiding embarrassing abortive deals, investigating the theft of technology by competitors, and investigating non-compete violations and unfair competition. He outlined the available information sources and methodologies.

ChinaWhys Managing Director Peter Humphrey addressed the Anti-Corruption China Summit in Shanghai on 28 April 2010 on the subject "Corruption & Fraud Investigations in China - Practical Considerations". Peter discussed the social and economic drivers of corruption and fraud in China, the indicators of fraud and corruption in business operations, and the common types of white-collar crime seen in the country. He provided examples of corruption and fraud cases that hit multinational firms and explained the triggers for investigations, how to investigate corruption and fraud in China, and the likely outcomes of the investigation.

ChinaWhys Managing Director Peter Humphrey addressed the Global Supply Chain Council's Retail & Distribution Operations Summit in Shanghai on 21 April 2010 on the subject "Avoiding Fraud in Retail & Distribution Operations in China". Peter outlined the main procurement and distribution system fraud issues occurring in retail and distribution operations in China. He discussed fraud and corruption in the buying departments of leading retail chains and sales/distribution frauds affecting other sectors. He presented fraud case studies from scenarios that he has encountered while working for leading multinationals in this field and outlined the available prevention and response tools for tackling these risks including a range of preventive measures and investigative responses to fraud.

On 11 March ChinaWhys Co-Founder Ms. Yingzeng Yu addressed a seminar of the European Chamber of Commerce in China's SME and IPR groups on the subject "Protecting China Operations Against Fraud". Ms. Yu discussed the operational risks associated with fraud, unethical practices and corrupt employees or business partners, how the economic downturn has affected the fraud environment, key vulnerabilities and threats, and presented case studies and the basic tools for mitigating such risks in China.

On 29 January in Singapore ChinaWhys Managing Director Peter Humphrey addressed a lunch seminar of the Swedish Business Association of Singapore and other European chambers on "Handling Fraud Risks in Asia Business Operations". Peter identified the operational risks associated with fraud, unethical practices and corrupt employees or business partners in Asia, and discussed how the economic downturn has impacted the fraud environment and what measures can be used against fraud.

On 29 January ChinaWhys founder Peter Humphrey addressed a breakfast seminar of the American Chamber of Commerce in Singapore "Handling Fraud Risks in China Operations". Peter identified operational risks associated with fraud, unethical practices and corrupt employees or business partners, and discussed how the world downturn has affected the fraud environment. He identified key vulnerabilities and threats, and presented cases of what went wrong for leading MNCs in a variety of cases in China. He also presented preventive and reactive tools for mitigating such fraud risks in the China operating environment.

On 28 January 2010 ChinaWhys co-founder Ms. Yingzeng Yu addressed the Anti-Corruption Asia Congress in Hong Kong on "Managing Major Bribery Risks Facing Multinationals in China". Ms. Yu identified some of the biggest bribery risks faced by MNCs when operating in China, potential barriers to managing these risks and ways to overcome them, managing cultural practices that may conflict with global anti-bribery policy, identifying what is a bribe and what bribery clues to look for during an internal audit or interview.

On 27 January 2010 ChinaWhys Managing Director Peter Humphrey addressed the Anti-Corruption Asia Congress in Hong Kong on "Corruption & Fraud Investigations in China - Practical Considerations". Peter discussed the indicators of fraud in China business operations, common types of white-collar crime in China, conflicts of interest, best practices and detection and prevention techniques.

On 22 January 2010, ChinaWhys Managing Director Peter Humphrey addressed the European Chamber in Shanghai on "Keeping Bad Hands out of the Cash - Tackling Fraud Risks in China". His co-speaker from the international law firm Taylor Wessing addressed the legal framework of fraud and corruption risks.

On 12 January 2010, ChinaWhys Managing Director Peter Humphrey addressed the British and other chambers of commerce in Beijing on "Fraudulent Stock Listings and M&A Scams - Spotting and Avoiding Them". Peter discussed the types of players involved, winners and victims, case studies in fraudulent listings abroad, why a fraudulent Chinese stock can thrive in the US market, and provided key watch points and methods for avoiding involvement in fraudulent stock listings.

On 1 December 2009, ChinaWhys founder and ACFE China President Peter Humphrey addressed the China Compliance Summit in Beijing on “Managing an Internal Fraud Investigation in China - Practical Considerations”. Peter outlined the typical social and economic drivers of fraud and common types of white-collar crime in China, conflicts of interest, best practices and detection and prevention techniques. He also discussed how to question employees and partners, how to handle employee terminations, and the chances of successful litigation or prosecution of corrupt employees and partners, as well as other Investigative outcomes.

On 22 October 2009, ChinaWhys Managing Director Peter Humphrey addressed the Anti-Corruption China Summit in Shanghai, on the subject of "Fraud, Kickbacks and Collusion". Peter discussed the indicators of fraud in China business operations, common types of white-collar crime in China, conflicts of interest, best practices and detection and prevention techniques.

On 13 October 2009, ChinaWhys Managing Director Peter Humphrey addressed the European Chamber of Beijing in China on the subject of "Keeping Bad Hands out of the Cash – Tackling Fraud Risks in China".

On 17 September 2009 ChinaWhys Managing Director Peter Humphrey presented a seminar to commerce chambers in Hong Kong hosted by the Swedish Chamber, on the subject of "Handling Fraud Risks in China Business Operations". Peter identified the social and economic drivers of fraud in China and the operational risks associated with fraud, unethical practices, corrupt employees and business partners there. He discussed how the economic downturn affects the fraud environment. He highlighted elements of the global supply chain shift into China that have heightened these fraud risks, and identified key vulnerabilities and threats for multinationals.

ChinaWhys Founder Peter Humphrey lectured a St. Gallen University EMBA delegation in Shanghai on 3 September 2009 on fraud risk management for expatriate executives in China.

Our Managing Director Peter Humphrey was appointed as a judge on the judging committee of the British Business Awards (BBA) in China to judge the 2009 Company of the Year.

ChinaWhys Managing Director Peter Humphrey presented a seminar at the China British Business Council in London on 6 August 2009 on the subject "Handling Fraud Risk in China Business Operations". Peter argued that as China continues to grow rapidly with foreign investment and particularly in turbulent financial times, it becomes imperative for firms to understand the risks associated with doing business in China. Issues such as fraud, unethical practices and corrupt employees or business partners are all prevalent issues that firms, with operations in China, should learn to avoid or, if affected, manage effectively.

ChinaWhys Managing Director Peter Humphrey addressed an Anti-Corruption Conference in Beijing on 21 May 2009 on "Corruption & Fraud Investigations in China – Practical Considerations". He discussed the main drivers of fraud and graft and how to recognise fraud indicators, and outlined the types of fraud common in China. He presented examples showing how multinationals were impacted by white-collar crime. His presentation also covered dealing with authorities and the potential outcomes of fraud and corruption investigations.

ChinaWhys Managing Director Peter Humphrey addressed a conference on Private Equity and Logistics Investment for the China Supply Chain Council in Shanghai on 20 May 2009. Peter spoke on the subject "Due Diligence beyond the Balance Sheet – Peeling the Onion on Companies in China". He focused on non-accounting aspects of due diligence, the white-collar crime risks associated with making acquisitions and joint ventures and other deals in China, and outlined the behind-the-scenes background and reputational due diligence required to mitigate risk in this business environment.

ChinaWhys founder Peter Humphrey addressed the Swedish Chamber of Commerce in Beijing on 12 May 2009 on "Managing the Risks of Fraud and Corruption in China Business Operations". Peter identified risks associated with fraud, unethical practices and corrupt employees or business partners, along with key vulnerabilities and fraud threats and presented cases of what went wrong for leading multinationals. Peter also outlined the basic tools for mitigating risks in China through preventive measures (such as background screening, business intelligence and due diligence) and reactive measures, i.e. troubleshooting investigations and crisis management.

ChinaWhys Managing Director Peter Humphrey addressed the Pacific Rim Fraud Conference organized by the Association of Certified Fraud Examiners (ACFE) in Melbourne, Australia on 18 November 2008, on the subject "The China Fraud Environment and How it Impacts Multinationals". Peter, who is the founding President of the ACFE mainland China chapter, evaluated the fraud and corruption environment in China in the international context and outlined types of fraud prevalent in the country with a special focus on the experiences of multinationals. He evaluated the business risks facing multinationals in China and how they mitigate these threats. He provided examples of a number of frauds that severely challenged western multinationals. He discussed the investigative responses available to combat fraud in China and explored the potential role of anti-fraud professionals such as CFEs.

ChinaWhys Managing Director Peter Humphrey addressed the China Supply Chain Summit in Shanghai on 5 November 2008 on the subject of "Lifting the Veil - Due Diligence Beyond the Numbers". Peter focused on the fraud risks associated with China business deals and discussed the special due diligence that is required to mitigate such risks in this business environment. He focused on ‘lifting the veil" through "reputational" due diligence and presented due diligence case studies from both successful and abortive deals. In addition to company investigations, Peter discussed the "personality due diligence" which helps multinationals understand the background and reputation of key people. He also introduced key elements of employee and vendor "integrity programs" that companies can use to protect themselves against disastrous hires, phantom vendors and corrupt distributors.

ChinaWhys Managing Director Peter Humphrey addressed the United Kingdom Institute of Directors in London on 16 September 2008, on "Managing Special Risks in China Business Operations – Practical Insights and Tips". The event was co-hosted by the China Policy Institute, a think tank of Nottingham University. Peter discussed the China fraud environment and the factors that have made white-collar crime a major issue for businesses operating there. He outlined the risks associated with fraud, unethical practices and corruption among employees or business partners and presented cases of what went wrong for some leading multinationals in supply chain, manufacturing and distribution fraud situations. He also provided tips and outlined some of the basic tools for mitigating such risks in China both through preventive measures such as background screening, business intelligence and due diligence), or through troubleshooting investigations and crisis mitigation.

ChinaWhys Managing Director Peter Humphrey was appointed as a judge on the judging committee of the British Business Awards (BBA) to judge the 2008 Company of the Year.

ChinaWhys co-founders Peter Humphrey and Yingzeng Yu were appointed adjunct professors of the China University of Political Science and Law in Beijing on 1 June 2008. The university also signed a cooperation agreement with the newly formed China chapters (Beijing and Shanghai) of the Association of Certified Fraud Examiners (ACFE), of which Peter is President. A seminar was conducted on forensic accounting for academic staff and students of law, accounting and politics, along with Chinese computer forensics experts. We delivered a keynote presentation, providing an overview of fraud in China and the need to train and develop more professional Chinese fraud examiners.

ChinaWhys Managing Director Peter Humphrey provided the keynote speech on fraud prevention in China at a conference on Compliance and Ethics held in Shanghai on 28 May 2008 by the China Economic Review.

ChinaWhys Managing Director Peter Humphrey spoke at a British Chamber of Commerce roundtable event in Shanghai on 21 May 2008 on the subject of "Dismissing Employees for Misconduct". Peter described case studies focusing on the action plans of two multinationals who staged multiple dismissals of senior managers on grounds of fraud and corruption.

ChinaWhys Managing Director Peter Humphrey was the keynote speaker at a seminar entitled "China is in Your Hands – Secure Your Transactions in China", In Stockholm, Sweden, on 8 May 2008. Speaking on the theme ‘Peeling the Due Diligence Onion in China and Avoiding Fraud', Peter outlined the white-collar crime risks associated with China business deals and discussed the pre-transactional due diligence required to mitigate risk in this business environment as well as trouble-shooting situations requiring investigative actions. He provided a special focus on frauds against multinationals and methods of lifting the veil through reputational due diligence and presented due diligence case studies from successful and abortive transactions.

ChinaWhys Managing Director Peter Humphrey addressed a European Chamber of Commerce seminar in Shanghai on 13 March 2008 on "Handling Fraud and Misconduct in China". Peter spoke on the subject of "Anonymous Allegations - and why you should take them seriously". His co-speaker Peter Corne, Managing Director of Eversheds law firm in China, spoke about "PRC Growing Pains - How Corrupt Practices Thrive in a Rapidly Maturing Market".

ChinaWhys Managing Director Peter Humphrey addressed China Sourcing Summit organized by the China Supply Chain Council in Shanghai on the subject of "Handling Fraud and Corruption in Procurement & Sourcing in China". Peter outlined the fraud and corruption issues that can damage multinational procurement and sourcing operations in the country.

ChinaWhys Founder & Managing Director Peter Humphrey was elected as the founding president of the first China chapter of the Association of Certified Fraud Examiners (ACFE), the world's leading anti-fraud educator and association for anti-fraud professionals. The chapter was established in Shanghai. The ACFE is the provider of the globally preferred "Certified Fraud Examiner" (CFE) designation. CFEs are knowledgeable in four areas critical to the fight against fraud: fraudulent financial transactions; criminology and ethics; legal elements of fraud; and fraud investigation. The ACFE awards the CFE designation only to select professionals who meet a stringent set of criteria, including character, experience and education. CFEs have the ability to examine data and records to detect fraud and trace fraudulent transactions; interview suspects to obtain information and confessions; write investigation reports; advise clients as to their findings and testify at trial; be well-versed in the law as it relates to fraud and fraud investigations; and understand the underlying factors that motivate individuals to commit fraud. CFEs on six continents have investigated more than 1 million suspected cases of criminal fraud.

ChinaWhys Managing Director Peter Humphrey provided the keynote speech at a seminar for the Swiss Chamber of Commerce in Beijing on 18 February 2008 on "Managing White Collar Crime Risks in China Business Operations". Peter identified the risks facing China business operations associated with fraud, unethical practices and corrupt staff or partners. He highlighted elements of the global supply chain shift that heighten these risks, identified key threats, and presented case studies of what went wrong for leading multinationals in supply chain, manufacturing and distribution frauds. He also outlined basic tools for mitigating such risks in China both through prevention and troubleshooting.

At the Asian Anti-Corruption Summit in Hong Kong on 24 January 2008, ChinaWhys Managing Director Peter Humphrey participated in a panel discussing "Practical Tips on Managing Anti-Bribery Compliance in Asia". Peter delivered a presentation on China case studies and his experience in assisting multinationals to successfully manage corruption risks in China.

Austin, Texas - The Association of Certified Fraud Examiners (ACFE), the world's leading anti-fraud educator and association for anti-fraud professionals, awarded the globally preferred "Certified Fraud Examiner" (CFE) designation to ChinaWhys Co-Founder and General Manager Ms. Yingzeng Yu. CFEs are knowledgeable in four areas critical to the fight against fraud: fraudulent financial transactions; criminology and ethics; legal elements of fraud; and fraud investigation. The ACFE Board of Regents awards the CFE designation only to select professionals who meet a stringent set of criteria, including character, experience and education. Ms Yu has successfully met these criteria and joins the ranks of over 19,000 business and government professionals worldwide who have also earned the CFE qualification. CFEs have the ability to examine data and records to detect fraud and trace fraudulent transactions; interview suspects to obtain information and confessions; write investigation reports; advise clients as to their findings and testify at trial; be well-versed in the law as it relates to fraud and fraud investigations; and understand the underlying factors that motivate individuals to commit fraud. CFEs on six continents have investigated more than 1 million suspected cases of criminal fraud.

Austin, Texas - The Association of Certified Fraud Examiners (ACFE), the world's leading anti-fraud educator and association for anti-fraud professionals, awarded the globally preferred "Certified Fraud Examiner" (CFE) designation to ChinaWhys Founder and Managing Director Peter Humphrey. CFEs are knowledgeable in four areas critical to the fight against fraud: fraudulent financial transactions; criminology and ethics; legal elements of fraud; and fraud investigation. The ACFE Board of Regents awards the CFE designation only to select professionals who meet a stringent set of criteria, including character, experience and education. Mr. Humphrey has successfully met these criteria and joins the ranks of over 19,000 business and government professionals worldwide who have also earned the CFE qualification. CFEs have the ability to examine data and records to detect fraud and trace fraudulent transactions; interview suspects to obtain information and confessions; write investigation reports; advise clients as to their findings and testify at trial; be well-versed in the law as it relates to fraud and fraud investigations; and understand the underlying factors that motivate individuals to commit fraud. CFEs on six continents have investigated more than 1 million suspected cases of criminal fraud.

ChinaWhys Managing Director Peter Humphrey gave a detailed presentation to the Swiss Chamber of Commerce in Shanghai on 29 November 2007 on "Managing White Collar Crime Risks in China Business Operations". Peter identified risks facing China business operations associated with fraud, unethical practices and corrupt staff or partners.

ChinaWhys Managing Director Peter Humphrey addressed a visiting British trade mission in Shanghai on 22 November 2007 on the subject of due diligence in China.

ChinaWhys Managing Director Peter Humphrey addressed the China Supply Chain Summit held in Shanghai on 7 November 2007 on the subject of "Building an Ethical Supply Chain and Keeping out the fraudsters".

On 20 September 2007, ChinaWhys Founder and Managing Director Peter Humphrey addressed a delegation of visiting Dutch private equity investors in Shanghai on the opportunities and risks faced by new investors in China.

On 5 September 2007 ChinaWhys Founder and Managing Director Peter Humphrey addressed a risk management workshop of the China Supply Chain Council in Shanghai on "Eliminating Rogue Elements from the Supply Chain", focusing on integrity, ethics and pre-employment screening.

On 26 June 2007, ChinaWhys Founder and Managing Director Peter Humphrey presented a talk on "Peeling the Due Diligence Onion", at a financial services seminar of the British and Australian chambers of commerce in Beijing on the theme "Bull in the China Shop – a Guide to China's Financial Services Industry", focusing upon opportunities and challenges in the financial sector. Simon Stokes, ChinaWhys Principal Consultant presented a profile of China's financial services sector, and Australian lawyer Richard Kimber, managing partner of RHK Legal, provided an overview of the Chinese regulatory environment in financial services.

ChinaWhys General Manager and Internal Audit specialist Yingzeng Yu spoke on the subject of "Internal Audit Failures in China Supply Chain Operations" at the Supply Chain Risk Summit in Shanghai on 17 May 2007. Highlighting how external and internal auditors in the supply chain operations of multinationals in China often fail to spot fraud indicators and how corrupt staff can defeat conventional business controls, she presented living examples of internal audit failures that caused major losses to multinationals in the manufacturing and logistics sectors and how these cases were eventually uncovered and dealt with. Ying also described the human resources – internal and external – as well as the skill sets and tools that multinationals could utilize in order to reduce the threat of fraud occurring and the risk of audits failing to spot it. For further information on this topic please contact ying.yu@chinawhys.com

ChinaWhys Founder and Managing Director Peter Humphrey spoke about "Eliminating Rogue Elements from the Supply Chain" at the Supply Chain Risk Summit in Shanghai on 17 May 2007. Focusing on integrity, ethics and candidate vetting, Peter discussed the risks of bringing the wrong people into supply chain operations and how to avoid it. He presented a case study illustrating the mistakes of a leading multinational manufacturer and the damage to its business. He also presented the fundamentals of background investigations on recruits, suppliers, distributors, partners and acquisition targets in China and outlined the chief elements of fraud investigation to expose and remove rogue elements from the supply chain. For further information on this subject please contact peter.humphrey@chinawhys.com.

British Business in China, the magazine of the British Chamber of Commerce in China, published an article by ChinaWhys founder Peter Humphrey on "Battling Fraud and Corruption in China Business".

ChinaWhys Managing Director Peter Humphrey spoke at the China Supply Chain Council's HR Summit in Shanghai on1 February 2007 on the subject of "Employee Screening and Integrity Programs – Hiring the Good Guys and Keeping Away the Bad Guys".

ChinaWhys Managing Director Peter Humphrey addressed a seminar of the Swedish Chamber of Commerce in Shanghai on 31 January 2007 on "Due Diligence Beyond the Balance Sheet – Peeling the Onion to Avoid Fraud".

Managing Director Peter Humphrey addressed a financial services seminar organized by the Australian Chamber of Commerce, the British Chamber of Commerce and the Irish Business Forum in Shanghai on 30 January 2007, on "Peeling the Due Diligence Onion in China".

ChinaWhys addressed a seminar of the British Chamber of Commerce in Beijing on 11 January 2007 on "Compliance Strategies for Fraud and Corruption in China". ChinaWhys Founder Peter Humphrey presented "Operational Risks and Investigative Approaches to Preventing Fraud and Bribery". Co-speaker Peter Thorpe, head of the Beijing office of law firm Allen & Overy, described the Chinese and international legal frameworks for tackling corruption and fraud, while Richard Margolis, the Regional Director of Greater China for the UK engine manufacturer Rolls Royce, discussed the corporate governance and compliance experience of his firm in preventing corruption in the business.

ChinaWhys founder Peter Humphrey addressed the Danish Chamber of Commerce of Southern China, in Dongguan, Guangdong, on 13 November 2006, on the theme of "Managing the Risks of White-Collar Crime in China.

ChinaWhys Managing Director presented at the China Supply Council's annual "ChaINA" Summit in Shanghai on 8 November 2006 on the subject of fighting white collar crime and managing fraud risks in China supply chain operations.

ChinaWhys Managing Director Peter Humphrey delivered an address to captains of German industry at the Wirtschaftswoche Annual China Business Summit in Berlin on 25 October 2006, on the theme of "Managing Commercial Crime Risks and Fighting the Intellectual Property Pirates in China".

ChinaWhys Managing Director Peter Humphrey gave a presentation to leading American lawyers at the Fall Meeting of the New York State Bar Association in Shanghai on 19 October 2006 on the subject of "Internal Investigations in China Business Operations".

ChinaWhys Managing Director Peter Humphrey addressed the Danish Chamber of Commerce in Shanghai on 21 September 2006 on the theme of "Managing the Risks of White-Collar Crime in China.

A detailed article by ChinaWhys directors Peter Humphrey and Yingzeng Yu on booming fraud in China was published in the prestigious Fraud Magazine, an arm of the US-based Association of Certified Fraud Examiners (ACFE). It was the first such exposé about fraud in China to be printed by the world's leading white-collar crime publication.

ChinaWhys Managing Director Peter Humphrey presented the keynote address at the In-House Congress in Beijing on 26 April 2006, attended by several hundred in-house lawyers from leading multinational corporations. Mr. Humphrey spoke about the fraud risks faced by corporations operating in China and the tools for managing these risks.

ChinaWhys Managing Director Peter Humphrey addressed a visiting delegation of Executive Education Europe comprising senior executives from leading European companies, in Shanghai on 6 April 2006, on the subject of protecting intellectual property in China.

ChinaWhys conducted a seminar on identifying and combating fraud risks in China business operations for the Swedish Chamber of Commerce in Shanghai on 23 March 2006.

ChinaWhys conducted a seminar on logistics fraud in China on 8 March 2006 at the annual logistics conference of the China Supply Chain Council in Shanghai.

ChinaWhys launched a China-focused ethics complaint hotline and ombudsman service to help multinational corporations cope with the growing wave of white-collar crime complaints affecting their China business operations.

Launching the service, ChinaWhys founder Peter Humphrey said ChinaWhys has observed a significant growth in the volume of white-collar crime cases reported by our clients in China. "Many clients have also said global hotlines set up as a channel for reporting fraud and other ethics violations are failing to serve them well in China. ChinaWhys has therefore established the China Ethics Hotline and Ombudsman Service to provide a complaints reporting channel that is exclusively focused on China operations," Mr. Humphrey said.

Multinationals complain that global hotline call centers located overseas – often in the United States – may be staffed by professional interviewers but these interviewers are not well tuned to the Chinese situation, language and culture. Moreover, in China there is a long-running tradition of anonymous denunciation in written form, but whistleblowers rarely report their complaints via a telephone call. The preferences in China are for anonymous email, fax or hardcopy mail.

In the experience of ChinaWhys, most frauds and other white-collar crimes in China involve anonymous tips and allegations. The motives of the whistleblowers can vary greatly, and the whistleblower's identity is usually never discovered, but the substance of most such allegations usually turns out to be true after investigation. ChinaWhys therefore recommends that companies have policies and procedures in place for handling all such allegations.

ChinaWhys Managing Director Peter Humphrey presented a seminar on supply chain fraud risks at a JF Pearson conference on fraud risk management held in Shanghai on 10 January 2006.

ChinaWhys' Senior Supply Chain Adviser Dr. Brian Rossall addressed a seminar of the China Britain Business in Council (CBBC) in Manchester, England, on 7 December 2005, on the subject of HR Risks in China Sourcing Operations.

ChinaWhys founder Peter Humphrey presented a paper on managing fraud risks in China supply chain operations at the annual global summit of the China Supply Chain Council (CSCC) in Shanghai on 29 November 2005.

ChinaWhys Managing Director Peter Humphrey presented a breakfast seminar for the Benelux Business Association in Beijing on 23 November 2005 on "Avoiding the Landmines in China - Protecting China business Operations against Special Risks – Bad Deals, Fraud and Piracy".

ChinaWhys Managing Director Peter Humphrey contributed insights and analysis on expense receipt fraud at a Compliance Forum organized by the leading multinational GE in Beijing on 17 November 2005. Speaking on a panel of experts, Mr. Humphrey showed how expense receipt fraud is not always the simple theft of funds by an employee that it may seem and can in fact indicate serious problems of slush funds and the bribery of customers.

ChinaWhys founder Peter Humphrey provided the keynote address at the annual In-House Congress of lawyers in Shanghai on 2 November 2005. Speaking to about 250 in-house counsels from leading multinationals on the theme "Managing the Risks of Fraud and Corruption in China Business Operations", Mr. Humphrey highlighted the white-collar crime problems that have beset many business operations in the Shanghai area.

ChinaWhys launched a new ethics training service to help multinationals educate employees at their China operations in the corporation's code of ethics. Simon Stokes, a professional adviser in organizational behaviour, teamed up with ChinaWhys to provide ethics awareness training. "We think that workshops enabling multinationals to raise the level of ethical behaviour are an important part of an integrated risk management approach to the prevention and detection of fraud," said ChinaWhys founder Peter Humphrey.

ChinaWhys founder Peter Humphrey received an award from the Rotary Foundation of Rotary International, in Beijing on 27 September 2005. Mr. Humphrey was named a Paul Harris Fellow "in appreciation of tangible and significant assistance given for the furtherance of better understanding and friendly relations among peoples of the world". He is a member of the Beijing Rotary Club and has actively supported a range of humanitarian NGOs in the Beijing area including a school for autistic children and a home for the children of imprisoned criminals.

ChinaWhys and the leading international law firm Coudert Brothers presented a seminar on "Conducting FCPA Investigations in China: Satisfying Head Office While Staying out of Jail", for the American Chamber of Commerce Shanghai, on 22 September 2005. Coudert's Managing Partner Landon Prieur and ChinaWhys Managing Director Peter Humphrey presented studies of US multinationals caught up in bribery scandals that severely damaged their business interests and they laid out a set of legal and investigative approaches for staying out of trouble.

ChinaWhys General Manager Yingzeng Yu presented a paper on "Ethical Pitfalls" in supply chain operations at a seminar on ethics and business practices held at the American Chamber of Commerce's annual sourcing and procurement conference in Shanghai on 16 September 2005. Ms. Yu presented a set of cases illustrating how some multinationals had been caught up in fraud and bribery fiascoes that disrupted their procurement and distribution operations and she set out a series of preventive measures and remedies for mitigating such risks.

ChinaWhys Managing Director Peter Humphrey gave the keynote address on China Business risks at the annual In-House Congress of lawyers in Tokyo on 15 September 2005, entitled "Managing the Risks of Fraud and Corruption in China Business Operations". Mr. Humphrey illuminated Japan-based lawyers working for multinational regional operations on the white-collar crime and intellectual property risks associated with doing business in China.

ChinaWhys founder Peter Humphrey presented the keynote speech at a seminar of the China Supply Chain Council in Shanghai on 20July 2005 on the subject of "Managing the Risks of Fraud and Corruption in China Supply Chain Operations". He identified the supply chain risks associated with fraud, unethical practices and corrupt employees or business partners. He highlighted elements of the global supply chain shift into China that heighten these risks, identified key vulnerabilities and threats to the supply chain, and unveiled both preventive and reactive measures to reduce and manage the risks.

ChinaWhys founder Peter Humphrey presented a seminar for the US-China Business Council in Washington DC on "Avoiding the Landmines in China". Attended by senior representatives and government lobbyists of leading US multinationals in the Washington DC area, the seminar addressed the risks of fraud and corruption and discussed the growing concerns of American corporations about FCPA issues in the light of several recent high profile bribery scandals that have implicated US firms.

ChinaWhys General Manager and financial specialist Yingzeng Yu addressed the China Logistics 2005 conference organised by Total Focus Conferences in Shanghai. Speaking on the theme of "Managing Fraud Risks in China Supply Chain Operations, Miss Yu outlined the tricks and scams often inflicted upon logistics operations in the country.

China fraud prevention consultancy ChinaWhys and its ally IFM Asia, a special projects accounting firm, presented papers at the GBI Internal Controls Forum in Shanghai on 23-24 June 2005. IFM Audit Director Jean Kester spoke on "Testing the Effectiveness of Internal Controls" for compliance with the Sarbanes Oxley Act. ChinaWhys General Manager and financial specialist Yingzeng Yu presented a lecture on the adaptation of internal controls to China fraud and corruption risks.

ChinaWhys founder and Managing Director Peter Humphrey presented a paper on supply chain risks at the GBI Manufacturing Forum in Shanghai on 16 June 2005. The lecture earned widespread coverage in the Chinese media, with publications in this country clearly taking a growing interest in the subject of commercial fraud and corporate governance issues.

China fraud prevention consultancy ChinaWhys today announced it had entered into a strategic partnership with IFM Asia, a firm providing special project accounting services, internal audit support and financial outsourcing in China.

Based in China and headquartered in Beijing, IFM is a professional consulting firm that delivers special accounting projects to multinationals in China and to SEC-listed Chinese companies. Its specialists include experts on internal controls and major compliance Issues such as the Sarbanes Oxley Act.

ChinaWhys is providing risk management support to multinationals in China and across Asia, tackling the growing risks of white collar crime, FCPA-related issues and the abuse of intellectual property.

Managing Director of ChinaWhys Peter Humphrey described the move as "a big step forward for both firms which will add to the range of services we will be able to offer our clients. Fraud investigation and fraud prevention have become major issues for multinationals in the Greater China area."

"In addition to fraud investigations, ChinaWhys' ability to provide background checks on the companies and people involved in acquisitions is a much needed service in China today, said Richard White, Director of IFM. "There are few outfits who can provide this service – and fewer that work to the standards we have seen at ChinaWhys."

Richard can be contacted regarding special accounting services by emailing him at Richard.White@IFMAsia.com or by contacting ChinaWhys.

Business people in Scotland, northern and southern England should be able to avoid some of the traps that ensnared firms who did their homework badly before going to China, if they attended the successful seminar roadshow on "Managing China Business Risk and Dispute Resolution" organised by the China Britain Business Council (CBBC) in London, Glasgow and Leeds in April.

A panel of experts comprising Peter Humphrey, the Managing Director of Shanghai-based ChinaWhys, Andrew Symms and Roy Priestley of the law firm DLA Piper Rudnick Gray Cary, and Adam Dupre, Managing Director of China Company Research Services, presented some timely reminders on how to conduct safer business in China. Figures were presented showing that China has a fraud rate equivalent to about 16% of GDP compared with 4% in the USA.

In a keynote speech "Protecting Your China Business against special risks – bad deals, fraud and piracy", Peter Humphrey highlighted the risks of greater outsourcing, localisation and knowhow transfers that accompany the supply chain shift into China. He provided studies in fraud – how a firm's entire supply chain was replicated by a corrupt manager; how phantom vendors were inserted into the value chain; how merchandisers had eroded profit margins by extracting millions of pounds in kickback money from suppliers; how staff colluded with pirates to inject counterfeits into their employer's sales channels alongside real product.

Mr. Humphrey outlined a program of sensible risk management measures that companies can take to stay out of trouble, especially background screening and due diligence beyond the balance sheet focused on the people behind an enterprise and their track record, reputation and integrity, based on thorough human-source inquiries. He described in detail the process and techniques of a substantial investigation, which could result in significant down time and disruption if the business were ever allowed to fall foul of fraud and employee corruption.

ChinaWhys founder Peter Humphrey presented a seminar to the German Chamber of Commerce in Beijing on Defending Your China Business against Special Risks". The seminar introduced the ‘war stories" of a number of multinationals that had fallen victim to purchasing and distribution system fraud and systematic abuses of their intellectual property by counterfeit syndicates colluding with brand owners' employees.

ChinaWhys teamed up with US multinational GE to present a timely seminar for the Procurement and Sourcing Forum of the American Chamber of Commerce in Shanghai on "Maintaining an Ethical Supply Chain".

Peter Humphrey of ChinaWhys delivered a keynote speech on "Building an Ethical Supply Chain – Tackling Fraud and Corruption Risks".

Alex Gu, China Sourcing Director of GE, presented case studies of GE's experience and achievements in managing sourcing and supply chain problems, as well as health and safety risks, in its extensive China manufacturing operations.

ChinaWhys delivered the keynote address at the 6th annual In-House Congress in Singapore on 22 February, bringing together 200 in-house counsel from leading domestic and international firms in southeast Asia.

This year's event addressed critical, sensitive and strategic issues facing businesses in the region and was opened with a revealing address by ChinaWhys founder Peter Humphrey on the Theme of "Managing the Risks of Fraud and Corruption in China Business Operations".

A thought leader in the area of China business risk, Mr. Humphrey has spent almost 30 years focused upon China and other communist states. His firm has assisted leading multinationals to identify, manage and reduce risks in their China operations and to prevent and investigate fraud and employee corruption, a growing problem in the country.

ChinaWhys presented a seminar on "Protecting Your China business Against Special Risks, Bad Deals and Piracy" for the British Chamber of Commerce in Shanghai. In a wide-ranging presentation on China operational challenges Peter Humphrey weighed the costs of preventive and reactive risk management approaches. Many companies that had avoided the minor costs of sensible prophylactic measures such as background screening of staff, vendors and JV partners, ended up forking out much larger sums of money on troubleshooting efforts following major frauds and other corporate crises.

ChinaWhys has established a risk management company in Shanghai to accommodate the requirements of its growing risk management practice in China and across Asia.

ChinaWhys was founded in Hong Kong at the beginning of 2004 to help the lengthening ranks of western multinationals encountering white collar crime problems in their China operations. It is the first consulting company exclusively dedicated to promoting transparency and ethical business practices in China.

"We are helping multinationals to solve critical problems in the area of controls and white collar crime prevention special to China, and shanghai is an important location of many multinationals encountering these issues," said ChinaWhys General Manager Yingzeng Yu.

ChinaWhys presented a China Business Risk seminar to the Swiss Chamber of Commerce in Beijing. Speaking on the theme of "Managing Special Business Risks Amidst the Stampede into China", ChinaWhys founder peter Humphrey highlighted some of the harsh and bitter experiences of companies that neglected preventive risk management measures and ended up losing control of their China businesses to fraudsters.

ChinaWhys produced a China Business Risk workshop in Shanghai for the Hong Kong University of Science and Technology's MBA program.

Speaking on "Managing the Special Risks of Businesses in China", ChinaWhys Managing Director Peter Humphrey underscored the high price that many unwary multinationals have paid for not implementing best business practices such as due diligence and strong internal controls in their business operations in this country. As a result, many businesses had fallen victim to fraud and losses of intellectual property.

ChinaWhys produced a China Business Risk workshop in Shanghai for the Singapore Management University's MBA program.

Speaking on "Business Risk Challenges Facing Managers in China", ChinaWhys founder Peter Humphrey contrasted the rewards and dreams of getting rich quickly in China with the difficulties that managers of multinational firms can expect to contend with in this country as they develop their business operations.

ChinaWhys teamed up with the world's largest pharmaceutical firm GlaxoSmithKline to produce a joint seminar for the European Chamber of Commerce in Shanghai on intellectual property issues under the theme, "Tackling the Risks of the Supply Chain Shift - Identifying & Managing Fraud, Corruption, and IP Risks in China".

ChinaWhys founder Peter Humphrey delivered a stirring lecture "Lessons from the Trenches in Managing the Supply Chain Shift to China" , presenting the reasons why the supply chain shift can heighten business risks, ways to tackle fraud and corruption, war stories of firms that learned the hard way, and a toolkit to reduce the risks of white collar crime.

William Stockley, the General Manager of GSK Pharmaceuticals in China, presented firsthand battlefront accounts of how GSK has been defending its IPR in the country. Speaking on the topic of "Defending your crown jewels – the need to protect the integrity of the supply chain", Mr. Stockley educated the chamber on the supply chain risks and IP threats facing the pharma industry and how GSK had played a leading role in industry associations and lobbying groups that are fighting back against the pirates.

ChinaWhys teamed up with Sweden's leading law firm Vinge to produce a workshop on fraud risk management and intellectual property protection for the Swedish Chamber of Commerce in Shanghai.

Peter Humphrey of ChinaWhys presented a lecture outlining the growing white-collar crime risks associated with conducting China business operations. Vinge's leading China partner Thomas Lagerquist underscored the need for brand owners to develop comprehensive brand protection programs to fight piracy and counterfeiting and not treat anti-counterfeiting as an occasional firefighting exercise.

ChinaWhys Company Limited was founded in Hong Kong by Peter Humphrey and Yingzeng Yu to meet the rapidly increasing demand from multinationals for risk management services in China and across the Asia-Pacific region.

Peter Humphrey has spent almost 30 years involved in commercial, information and academic areas in China and many other Communist countries. After 25 years with large corporations, he has now established his own risk advisory practice. He is one of the leading authorities on fraud risk management in the China region.

Yingzeng Yu has spent 16 years in business serving law practices and financial practices as well as manufacturing and service corporations. She is a leading practitioner of financial investigation and supply chain risk management.

"We are proud to be the first consulting company that is exclusively dedicated to the promotion of transparency and ethical business practices in China," said ChinaWhys founder and Managing Director Peter Humphrey. "China wants to root out corruption, and western businesses want to avoid corruption. Through our work we intend to help keep multinationals out of trouble and to help build bridges between them and their Chinese counterparties. Our aim is to help move businesses forward in China and contribute to a better operating environment."