Traditionally money laundering has been a risk area for banks and financial institutions. However, the broader reach of anti-money laundering (AML) legislation worldwide and the increase in financial and trading activity performed by other businesses have meant a change to this view in recent years. VAN LEEUWEN LAW FIRM believes in serving its clients through a collaborative approach, working together to address AML issues and developing innovative solutions to this type of compliance risk. The law firm strongly advocates a ‘riskbased approach’ to money laundering, in line with global regulatory trends, and have extensive experience in implementing this approach at
PRAETOR FORENSIC AUDITING assists its clients in setting up a monitoring framework, developing relevant checking procedures and identifying key risk indicators of fraud, corruption and abuse. It also develops training programmes for employees, and helps to create a continuously evolving control environment reflective of the risk landscape.
The attitudes within your organization lay the foundation for a high or low fraud risk environment. Where minor unethical practices may be overlooked, larger frauds may also be treated in a similar lenient fashion. In such an environment there may be a risk of total collapse of your organization either through a single catastrophic fraud or through the combined weight of many smaller frauds. A sound ethical culture and sound internal control systems are essential key components of a fraud prevention strategy.
There are a range of fraud indicators – both warning signs and fraud alerts – which can provide early warning that something is not quite right and increase the likelihood that the fraudster will be discovered.
Any organization should set out its approach to dealing with fraud in its fraud policy and fraud response plan. Organizations should ensure that this includes provision for learning lessons from fraud incidents and appropriate, prompt follow-up action.
PRAETOR FORENSIC AUDITING assists its clients with investigation of alleged fraud or corruption perpetrated against corporate and government entities, including, but not limited to, vendor fraud, payables fraud and embezzlement. It also assists with factual, often privileged, investigation of alleged corporate wrongdoing, including, but not limited to, investigation of alleged financial statement misrepresentations and violations of anti-corruption regulations. VAN LEEUWEN FCRM’s investigation work includes forensic imaging of computers, data analysis, collection and analysis of data, interviews of individuals and review of documents.
The number of enforcement actions, the number of jurisdictions within which enforcement actions have been brought and the size and nature of fines and penalties arising from anti-corruption legislations, have all increased significantly over the last few years. With far reaching legislations like the U.S. Foreign Corrupt Practices Act (FCPA), UK Bribery Act etc., and authorities across different jurisdictions such as the Department of Justice (DOJ), Securities and Exchange Commission (SEC) etc. increasingly sharing information and bringing joint actions – now more than ever, managing the risk of corruption has become a global rather than a country specific issue. Corporate
As legal risk management has become a critical area of focus for organisations, PRAETOR FORENSIC AUDITING assists clients in developing and implementing multidisciplinary compliance programs tailored to their needs. its work includes compliance risk assessment, compliance program gap assessment and improvement recommendations, design implementation assistance for compliance process, deployment of governance, risk and compliance, technology, and data analytics and compliance monitoring.
PRAETOR FORENSIC AUDITING conducts integrity due diligence services for clients across multiple sectors to help mitigate risks from new commercial relationships and to inform their strategic decision-making. Companies with an international presence (or plans to expand internationally) are placing an increased emphasis on the need to understand the integrity risks posed by the third parties with whom they contract in those countries (including their representatives, agents, distributors and critical members of their supply chain), in particular for compliance purposes in light of new extra-mural anti-corruption legislation introduced in many western jurisdictions.
PRAETOR FORENSIC AUDITING provides Forensic Business Intelligence Services to eliminate opportunities for fraud. The firm advises clients when the need further information about a potential business partner, another party in a hostile takeover, a competitor or a commercial opportunity. Entering into any significant commercial transaction involves risk, but by providing relevant an reliable intelligence the firm helps clients make better decisions.