Major constant flows of money , unusual transactions , an intermediary overseas that placard a considerable fee for their obscure services ; international entrepreneurship come with endangerment for the bracing produce patronage as well . “ As a party , you ’re responsible when you ’re not vital enough , ” warn Wilco de Winter and Meryem Deniz of BDO . In this interview , they give tips on the intragroup criterion caller can take .
“ In recent years , there ’s been increase attention paid to matters like subversion risk , in part from regularization , in part from the governance . Sometimes , part of the responsibility for this is even place with the controller , but companies in particular have to be awake whether there are indication for misuse , ” Meryem says . “ It ’s not always unmortgaged whether an invoice for customer A is really paid by customer A as well . When that money does n’t fall from your buyer , an organization could marvel why a decent company would do that . An accountant that ca n’t like a shot place a payment , should be alert right by . ”
“ Mind you , we ’re not talking about clear fraudulent practice . However , we ’ve note a lot of company are unaware that they ’re part of corrupt practices and facilitate major flows of money in that . Paying attention to the descriptions of payments and the ‘ routing ’ of money flow is very important in this . When it comes to ‘ route , ’ we imply that as an organisation , you should n’t have an unnecessary amount of money flow through your organisation . After all , Dutch system are internationally regard as reliable , and are therefore popular as ‘ escritoire , ’ ” Wilco says . “ For companies , it ’s therefore of import to make policy regarding these subject . These could express , for example , the form of customers you ’re looking for . You ca n’t always stick to your insurance , but you may take step in the right guidance to formalise more procedure . ”
“ Naturally , not every unusual transaction is a money laundering pattern , but entrepreneur are n’t crazy . When something does n’t sense right , you should go the dismay or bring in external knowledge to asses the transaction . as luck would have it , we ’ve seen troupe becoming more and more more alert , and that ’s justified . After all , the consequence can be major . A reprehensible investigation can have a major shock on a company . It could be a fine , but the damage to the society ’s reputation can also be severe . That ’s why it ’s so important to take internal metre , and keep risks , ” Meryem says .
“ Of course we understand that ship’s company ca n’t change their business overnight , but the least they could do is be gear up when exploring a young grocery store . It ’s very significant to know your business concern partners . Take , for instance , a market like Iran : A stack of money can be earned here when potential , but deciding to do so close off other gross sales markets , ” Wilco warn .
“ Because some company appendage have remained unaltered for days , companies are n’t aware certain proceedings can be defined as strange . In the Netherlands , we have very clear rule : we get up contracts together and the money is transferred to your bank report . That ’s not always the typeface overseas . The rules can be very different there , there could be a fate of cash commutation or intermediator with unclear roles . That ’s why we advise companies to be cognizant of the culture of the country they ’re doing business with . What are the note value , norm and custom regarding agreements , giving and payments ? Only then will you bed who you ’re in business with , and can you make a comparison to the Dutch situation . ”
For more information : Wilco de Winter / Meryem DenizBDO+31 ( 0)70 33 80 756[email protected][email protected]www.bdo.nl / nl - nl / branches / bloom - food
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