5 November 2012

ChinaWhys Managing Director Peter Humphrey addressed the Asia-Pacific annual conference of the Association of Certified Fraud Examiners in Hong Kong on 5 November 2012 on the subject of “China Fraud”. Peter outlined the main forces driving fraud in China today, the trends and types of fraud posing risks to firms operating there, case studies and outcomes for multinationals and financial institutions who suffered from China frauds.

20 Sept 2012 Duesseldorf

ChinaWhys Managing Director Peter Humphrey presented a seminar in Duesseldorf on 20 September 2012 on “Mitigating Fraud Risks in China Business Operations”. Peter discussed the drivers of fraud and business corruption in China, examples of fraud that impacted multinational operations, preventive measures and responses to cases of fraud and corruption. He provided guidance for German Mittelstand companies with risk management challenges in China. Our German roadshow also featured Mr. Stuart Lindley, a chartered accountant with many years professional experience in China and Germany, who shared his knowledge of related accounting issues and indicators of fraud in financial statements. We presented case studies in fraud and due diligence failures.

19 Sept 2012 Nurnberg

ChinaWhys Managing Director Peter Humphrey presented a seminar in Nurnberg on 19 September 2012 on “Mitigating Fraud Risks in China Business Operations”. Peter discussed the main drivers of fraud and business corruption in China, examples of fraud that impacted multinationals there, preventive measures and responses to cases of fraud and corruption. He provided guidance for German Mittelstand companies with risk management challenges in China.

17 Sept 2012 Stuttgart

ChinaWhys Managing Director Peter Humphrey presented a seminar in Stuttgart on 17 September 2012 on “Mitigating Fraud Risks in China Business Operations”. Peter discussed the main drivers of fraud and business corruption in China, examples of fraud that hit multinational operations, preventive measures and responses to cases of fraud and corruption. He provided guidance for German Mittelstand companies with risk management challenges in China.

20 June 2012

ChinaWhys Managing Director Peter Humphrey spoke to the Association of Certified Fraud Examiners Shanghai Chapter on 20 June 2012 on the subject of Investigating Bribery Cases in China. Peter discussed what drives business corruption in China and how it measures up with other countries. What sparks an investigation, what are the typical investigation triggers, what investigative responses and methods of inquiry are applied? Peter presented some real life case situations and provided tips on prevention and control.

25 April 2012

ChinaWhys Managing Director Peter Humphrey addressed the China Anti-Corruption Summit in Shanghai on 25 April 2012 on the subject "Catching the Bad Guys - Investigating Corruption in China Business Operations". Peter discussed what motivates people to commit fraud and corruption in China and compared the level of graft in China with international corruption benchmarks. He discussed the typical triggers for an investigation and the required investigative responses and approaches, and provided real-life examples of fraud and corruption crises that impacted major multinationals operating in this country along with tips on how to avoid trouble.

21 March 2012

ChinaWhys founder Peter Humphrey was lead speaker at a seminar organised by the German-Chinese Business Association in the German city of Nurnberg on 21 March 2012 on the "Opportunity in Crisis - Business Risk Management in China". Peter discussed the fraud risks in China business deals and the due diligence required to reduce such risk in China. He explained how to "peel the onion" via reputational due diligence and presented examples of successful & abortive transactions as well as fraud cases that have occurred at multinational companies operating in China. Peter also provided practical advice on spotting "red flags", researching Chinese companies and official records, and discreet investigation approaches including human-source inquiries.

20 March 2012

ChinaWhys founder Peter Humphrey was lead speaker at a seminar organised by the German-Chinese Business Association in the German city of Cologne on 20 March 2012 on the "Opportunity in Crisis - Business Risk Management in China". Peter discussed the fraud risks in China business deals and the due diligence required to reduce such risk in China. He explained how to "peel the onion" via reputational due diligence and presented examples of successful & abortive transactions as well as fraud cases that have occurred at multinational companies operating in China. Peter also provided practical advice on spotting "red flags", researching Chinese companies and official records, and discreet investigation approaches including human-source inquiries.

19 March 2012

ChinaWhys founder Peter Humphrey was lead speaker at a seminar organised by the German-Chinese Business Association in the German city of Hanover on 19 March 2012 on the "Opportunity in Crisis - Business Risk Management in China". Peter discussed the fraud risks in China business deals and the due diligence required to reduce such risk in China. He explained how to "peel the onion" via reputational due diligence and presented examples of successful & abortive transactions as well as fraud cases that have occurred at multinational companies operating in China. Peter also provided practical advice on spotting "red flags", researching Chinese companies and official records, and discreet investigation approaches including human-source inquiries.

12 Dec 2011

ChinaWhys Managing Director Peter Humphrey addressed young professionals of the Rotaract Club of Beijing on "Fighting Fraud in China". Peter lectured on the social backdrop and drivers of fraud in China and presented an outline of the challenges facing anti-fraud professionals.

24 Nov 2011

ChinaWhys Managing Director Peter Humphrey addressed the Anti-Corporate Fraud Conference in Shanghai on 24 November 2011 on the subject "Combining Internal and External Investigation to Gather Fraud Evidence". Peter discussed how to set the scope of investigations, leveraging internal and external resources, and the utilisation of evidence.

17 Nov 2011

ChinaWhys Founder Peter Humphrey addressed the Anti-Corruption China Summit in Beijing on 17 November 2011 on the subject "Effectively testing, monitoring and investigating third parties – identifying and dealing with red flags in real life." Peter discussed practical tools to monitor business partners in China and to deter corruption, mitigating risks with third-party affiliates and agents on the ground, and how to handle third parties once you've seen the "red flags".

2 Nov 2011

ChinaWhys Managing Director Peter Humphrey addressed the summit of the Global Supply Chain Council in Shanghai on 2 November 2011 on the subject "Supply Chain Fraud in China – Operational Risks and Investigative Responses. Peter highlighted the fraud risks in China supply chain operations, and discussed ways to handle unethical and corrupt practices among employees and business partners. He highlighted key elements of the global supply chain shift into China that increased these risks, and identify key vulnerabilities and threats to the supply chain. He presented recent case studies illustrating the headaches and troubles experienced by leading multinationals in supply chain, manufacturing and distribution scams. He also outlined basic tools for mitigating these risks.

31 Oct 2011

ChinaWhys Managing Director and Association of Certified Fraud Examiners (ACFE) Shanghai Chapter founding President Peter Humphrey addressed the chapter's annual conference on the subject "China Fraud - An Overview -- drivers of fraud, case studies, responses". Peter identified operational risks associated with fraud, unethical practices and corrupt employees or business partners, and discussed the drivers of fraud in China. He highlighted elements of the global supply chain shift into China that heighten these risks, identified key vulnerabilities and threats, and presented cases of what went wrong for leading multinationals in a variety of fraud cases. Peter outlined basic tools for mitigating such risks in China both through preventive measures (such as background screening, business intelligence and due diligence) and reactive measures, i.e. troubleshooting investigations and crisis management.

21 Sept 2011

ChinaWhys Managing Director Peter Humphrey addressed a seminar hosted by international law firm Baker & McKenzie in Hong Kong on 21 September 2011 on the subject "The Enemy Within – case Studies in Treachery". Peter outlined the main drivers of white-collar crime in China, along with current crime trends and emergent fraud types in the country. He presented a range of case studies including an I.T. product kickback scheme, a technology theft, a pharmaceutical sales bribery scenario, and the large-scale counterfeiting of packaged consumer goods.

14 Sept 2011

ChinaWhys Managing Director Peter Humphrey addressed a seminar hosted by the Benelux Chamber of Commerce together with the Canadian, Australian, Swiss and Israeli chambers of commerce in Beijing on 14 September 2011 on "Managing Fraud Risks in China Business Operations". Peter discussed how to protect your business operation against fraud and other white-collar crime risks through preventive measures and through troubleshooting investigations.

1 Sept 2011

ChinaWhys Managing Director Peter Humphrey addressed the St Gallen University EMBA program at Fudan University in Shanghai on 1 September 2011 on the subject "White-Collar Crime Prevention & Fraud Investigation in China". Peter explained the culture of fraud, its economic and social drivers, and presented a selection of case studies illustrating cases that have hit multinationals in China, along with methods for preventing fraud and troubleshooting remedies for coping with it when it happens.

28 July 2011

ChinaWhys presented a seminar on "Company Turnaround and Interim Management in China" at the EU Chamber of Commerce in Shanghai on 28 July 2011. Professional interim managers Viktor Arak and Max Braendli discussed why and when to deploy an interim manager, what roles interim managers play in reversing corporate upsets and how troubleshooters can turn around a company's fortunes. They discussed how to navigate the problems of sudden loss of senior management teams as well as the minefields of employee graft, collusive suppliers, red tape, unfair competition, technology theft, supply squeeze, disappointed customers and unmotivated staff, and gave living examples of how to steer companies back to profitability and growth. Max Braendli repeated this seminar in Qingdao on 24 August 2011.

7 July 2011

ChinaWhys Partner Cedric Witek addressed the Retail & Distribution Operations Forum of the Global Supply Chain Council in Shanghai on 7 July 2011 on the subject "Managing Fraud Risks in the Retail Sector". Cedric discussed the retail fraud environment in China and explored how this could happen to you. He highlighted typical indicators of fraud and corruption in the China retail sector, vulnerable areas in procurement, real estate acquisition, and stock losses, as well as HR issues related to retail fraud such as recruitment and background screening, and he presented case studies in frauds that have hit multinationals in China retail operations.

6 July 2011

ChinaWhys presented a seminar on "Interim Management and Company Turnaround in China" to the EU Chamber of Commerce in Beijing on 7 July 2011. Professional interim managers Viktor Arak and Max Braendli addressed the questions, Why and when do companies deploy an interim manager? What roles do interim managers play in reversing major corporate setbacks? How can troubleshooters turn around a company's fortunes? Viktor and Max discussed how to successfully navigate the problems of sudden loss of senior management teams as well as the minefields of employee corruption, collusive suppliers, red tape, unfair competition, technology theft, supply squeeze, disappointed customers and demotivated staff, and gave living examples of how to steer companies back to profitability and growth.

14 April 2011

ChinaWhys founder Peter Humphrey addressed the China Anti Corruption Summit in Shanghai on 12-14 April 2011 on the topic "Managing Internal Investigations". Peter discussed conducting cost-effective and time-efficient investigations, action planning and coordination of resources and evidence gathering issues, as well as presenting case studies of MNC investigations in China.

6 April 2011

ChinaWhys managing Director Peter Humphrey addressed the International Business Meeting Group in Beijing on the subject of risk management and investigations in China. Peter outlined the challenges facing business operations in the country and explained the role of investigation companies and the rationale for companies to conduct their own investigations into white-collar crimes.

24 March 2011

ChinaWhys managing Director Peter Humphrey addressed a seminar for the European Chamber of Commerce in Guangzhou on 24 March on the theme "Doing Safe Business in China". Also speaking was the international law firm Taylor Wessing and the accountancy firm IFM Asia. Peter focused on white-collar crime risks associated with China business deals and discussed the pre-transactional due diligence required to mitigate risk in this business environment, with special attention to 'peeling the onion through reputational due diligence.

10 March 2011

ChinaWhys managing Director Peter Humphrey addressed an Asia Economic Crime and Legal conference in Shanghai on 10 March 2011 on the subject of "Internal Auditor Roles in Enterprise Risk Management". Peter conducted a roundtable discussion with panelists from HSBC, Allianz and Bayer Healthcare on the role of internal audit in fraud prevention and investigation.

21-24 Feb 2011

ChinaWhys Managing Director Peter Humphrey addressed seminar in Munich, Frankfurt and Hamburg 21-24 February 2011 on the subject of "Doing Safe Business in China", together with the international law firm Taylor Wessing and the accounting consultancy IFM Asia. Peter focused on 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. He gave special attention to methods of ‘peeling the onion through reputational due diligence and presented due diligence case studies from successful and abortive transactions.

19 Jan 2010

ChinaWhys Managing Director Peter Humphrey addressed a European Chamber of Commerce seminar on "Doing Safe Business in China" in Shanghai on 19 January 20101 Together with Sven-Michael Werner from international law firm Taylor Wessing and Stuart Lindley from accountancy IFM, Peter shared the secrets on how to keep operations out of trouble, how to safely buy a business in China, invest in a JV or carry out your normal business activities without falling victim to fraud and corruption. Peter focused on the white-collar crime risks associated with China deals and discussed the pre-transactional due diligence required to mitigate risk in this environment. He illustrated methods of ‘peeling the onion through reputational due diligence and presented due diligence case studies from successful and abortive transactions.

9 Dec 2010

ChinaWhys Managing Director Peter Humphrey addressed a European Chamber of Commerce seminar on "Doing Safe Business in China" in Beijing on 9 December 2010. Together with Christoph Hezel from international law firm Taylor Wessing and Stuart Lindley from accountancy firm IFM, Peter shared some of the secrets on how to keep operations out of trouble, how to safely buy a business in China, invest in a JV or carry out your normal business activities without falling victim to fraud and corruption. Peter focused on the white-collar crime risks associated with China deals and discussed the pre-transactional due diligence required to mitigate risk in this environment. He illustrated methods of ‘peeling the onion through reputational due diligence and presented due diligence case studies from successful and abortive transactions.

2 Dec 2010

ChinaWhys Managing Director Peter Humphrey addressed the Anti-Corruption China Summit in Beijing on 2 December on the subject "Approaches for China Anti-Corruption Investigations". Peter evaluated how employees engage with current corruption mechanisms that are most active in China and discussed how to adapt internal investigation strategy specifically to corruption in China, how to understand the Chinese context, the bribery mindset and the corrupt individual.

18 Nov 2010

ChinaWhys Partner Cedric Witek addressed the Retail China Summit in Shanghai on 18 November 2010 on the topic of “Fighting Fraud in the China Retail Industry”, covering the retail fraud environment. We outlined the typical indicators of fraud and corruption in the China retail sector and addressed the issue of whether imported business models can endure China fraud or should they adapt. We highlighted key vulnerable areas - procurement, real estate acquisition, stock losses, and HR issues related to retail fraud – and the relevance of recruitment procedures and background screening.

16 Nov 2010

ChinaWhys founder Peter Humphrey addressed the annual Asia-Pacific conference of the Association of Certified Fraud Examiners (ACFE) on 16 November 2010 in Melbourne, Australia, on the subject of “Avoiding Trouble with international anti-bribery laws in China”. Peter evaluated the implications of the US Foreign Corrupt Practices Act (FCPA) and similar laws on corporations in China and outlined FCPA dilemmas that have ensnared multinationals with operations there. He elaborated on the types of bribery that can tempt and ruin a company as it seeks to win business in China, as well as the compliance obligations and investigative challenges of a firm caught up in an FCPA violation. He outlined methods that firms can use to reduce the risk of an FCPA scandal and discussed investigative responses and the potential role of Certified Fraud Examiners in such cases in China.

14 Oct 2010

ChinaWhys founder Peter Humphrey addressed the 2nd China Procurement Fraud Conference in Shanghai on 13-14 October 2010. Peter spoke on the topic “The China Fraud Environment and its Impact on Procurement”. He discussed the social and economic drivers of corruption and procurement fraud in China, the status of the anti-fraud profession, the indicators of fraud and corruption in China operations and the common types of white-collar crime seen in the country. He presented examples of fraud and corruption cases that impacted multinationals, investigation triggers, how to investigate corruption and fraud, and the potential outcomes of the case.

6 Oct 2010

ChinaWhys Managing Director Peter Humphrey addressed the Asian Casino & Gaming Congress in Singapore on 6 October 2010, speaking on the subject “Peeling the Due Diligence Onion in China for the Gambling Industry. Peter focused on reputational due diligence and presented China due diligence case studies from successful and abortive deals in the gaming industry. He explored the key questions such as what are the fraud risks in China business deals for players in the gaming industry, what special pre-transactional due diligence is needed to mitigate such risks in this environment, how do you find out the genesis, evolution and caliber of a company, are you sure you know who really owns and runs it, what level of detail can be obtained about the people behind it, what are their background, track record reputation and business practices?

2 Sept 2010

ChinaWhys founder Peter Humphrey addressed a St Gallen University EMBA delegation in Shanghai on 2 September 2010 on the subject of “White-Collar Crime Prevention & Fraud Investigation in China Business Operations”.

31 Aug 2010

ChinaWhys Managing Director Peter Humphrey addressed a Swedish VIP business audience in Shanghai on 31 August 2010 on the subject of “Protecting Intellectual Property in China”.

22 July 2010

ChinaWhys Managing Director Peter Humphrey addressed the Sportsbetting and Lotteries Summit in Hong Kong on 22 July 2010 on the subject of “Peeling the Due Diligence Onion in China for the Gaming Industry. Peter focused on conducting reputational due diligence and presented China due diligence case studies from successful and abortive deals involving the gaming industry. What are the fraud risks associated with China business deals for players in the gaming industry? What special pre-transactional due diligence is required to mitigate such risks in this business environment? How do you find out about the genesis, evolution and caliber of a company? Are you sure you know who really owns and runs it? What level of detail can be obtained about the personalities behind it? What are their background, track record reputation and business practices?

11 June 2010

ChinaWhys Managing Director Peter Humphrey led a seminar at the American Chamber of Commerce in Beijing on 11 June 2010 on “Detecting and Preventing Corporate Fraud”. Peter spoke about “Handling Fraud Risks in China Business Operations”. He was joined by Christoph Hezel, a Partner with the international law firm Taylor Wessing, who spoke about “Fraud in China - How to Manage Corporate Compliance from a Legal Perspective”, and by Stuart Lindley from the international accounting firm IFM, who spoke about “What to look out for in financial statements and accounting systems.” The three speakers shared their experiences and offered strategies and practical tips for avoiding and combating fraud in China.

26 May 2010

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.

28 April 2010

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.

21 April 2010

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.

11 March 2010

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.

29 January 2010

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.

29 January 2010

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.

28 January 2010

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.

27 January 2010

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.

22 January 2010

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.

12 January 2010

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.

1 December 2009

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.

22 October 2009

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.

13 October 2009

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".

17 September 2009

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.

3 September 2009

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.

1 September 2009

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.

6 August 2009

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.

21 May 2009

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.

20 May 2009

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.

12 May 2009

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.

18 Nov 2008

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.

5 Nov 2008

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.

16 Sept 2008

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.

31 August 2008

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.

1 June 2008

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.

28 May 2008

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.

21 May 2008

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.

8 May 2008

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.

13 March 2008

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".

12 March 2008

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.

7 March 2008

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.

18 February 2008

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.

24 January 2008

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.

17 January 2008

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.

10 January 2008

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.

29 November 2007

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.

22 November 2007

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.

7 November 2007

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".

20 September 2007

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.

5 September 2007

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.

26 June 2007

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.

17 May 2007

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

17 May 2007

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.

1 March 2007

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".

1 Feb 2007

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".

31 Jan 2007

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".

30 Jan 2007

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".

11 Jan 2007

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.

13 Nov 2006

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.

8 Nov 2006

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.

25 Oct 2006

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".

19 Oct 2006

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".

21 Sept 2006

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.

1 July 2006
ChinaWhys Article on Booming China Fraud Published by ACFE

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.

26 April 2006
ChinaWhys Presents Keynote address to Beijing Law Congress

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.

6 April 2006
ChinaWhys Addresses Executive Education Europe

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.

23 March 2006
ChinaWhys Conducts Fraud Seminar for Swedish Business Community

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.

8 March 2006
ChinaWhys Conducts seminar on Logistics Fraud for CSCC

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.

1 March 2006
ChinaWhys launches China Ethics Hotline

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.

10 Jan 2006
ChinaWhys Presents Fraud Risks at JF Pearson Conference

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.

7 Dec 2005
ChinaWhys Supply Chain Expert Outlines HR Risks at CBBC Seminar

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.

29 Nov 2005
ChinaWhys Outlines Supply Chain Risks at CSCC Summit

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.

23 Nov 2005
ChinaWhys lectures Benelux Business Association on China Landmines

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".

17 Nov 2005
ChinaWhys Gives Fraud Insights to GE Compliance Forum

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.

2 Nov 2005
ChinaWhys Gives Keynote Address to Shanghai In-House Congress

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.

1 Oct 2005
ChinaWhys Launches Ethics Training Service

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.

27 Sept 2005
ChinaWhys Founder Receives Award for Rotary Work

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.

22 Sept 2005
ChinaWhys and Coudert Bros Present Seminar on Bribery Risks

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.

16 Sept 2005 ChinaWhys Presents AmCham Paper on Ethics Pitfalls

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.

15 Sept 2005
ChinaWhys Gives Keynote Address to Tokyo Law Conference

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.

20 July 2005
ChinaWhys presents keynote address at China Supply Chain Council

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.

29 June 2005
ChinaWhys Presents Risk Workshop to US-China Business Council

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.

27 June 2005
ChinaWhys Financial Specialist Presents Seminar on Logistics Risks

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.

24 June 2005
ChinaWhys and IFM Asia Address Internal Controls Forum

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.

16 June 2005
ChinaWhys Forum on Supply Chain Risks Earns Media Interest

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.

1 May 2005
ChinaWhys Enters Strategic Alliance with IFM Asia

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.

20-22 April 2005
ChinaWhys in UK Roadshow on China Business Risk for CBBC

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.

7 March 2005
ChinaWhys Presents Business Risk Seminar to German Chamber

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.

24 February 2005
ChinaWhys Presents Ethics Seminar to AmCham Shanghai

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.

22 February 2005
ChinaWhys Addresses Singapore In-House Lawyers Congress

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.

17 November 2004
ChinaWhys presents Protection seminar for BritCham Shanghai

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.

1 August 2004
ChinaWhys establishes Shanghai Branch

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.

18 June 2004
ChinaWhys Presents Risk Seminar to Swiss Business Community

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.

8 June 2004
ChinaWhys Presents Workshop for HK University MBA Group

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.

26 April 2004
ChinaWhys Produces Risk Management Seminar for Singapore Management University

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.

16 April 2004
ChinaWhys Risk and GSK Present IP Seminar for Euro Chamber

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.

12 February 2004
ChinaWhys and Swedish Law Firm Vinge in China Risk Workshop

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.

1 January 2004
ChinaWhys Risk Consulting Group Founded in Hong Kong

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."




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