Eric Carlson ???
Writes
For those interested in compliance issues in China, we have drafted a short piece that attempts to explain
(1) what a fapiao is;
(2) the different types of fapiaos and receipts in China;
(3) how fapiaos can be misused for fraud, embezzlement, and corruption; and
(4) ways to counter these schemes to minimize compliance risk.
The article can be viewed here: https://www.cov.com/~/media/files/corporate/publications/2015/05/unlocking_a_mystery_of_china_compliance_fapiaos.ashx. Feedback is of course welcome.
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