Finding hidden risks, Charting a safe course
|
|
COMPLIANCE & MONITORING PROGRAMS Compliance and Monitoring programs are specially tailored to help financial institutions, brokerages, and businesses stay out of trouble and proactively prevent money laundering. Usually a Compliance and Monitoring program starts with a Forensic Security Audit, which can help answer critical questions or prevent future problems. Such an audit, for example, may entail a complete examination of the procedures and systems a company uses to deliver and sell a product in a foreign market or to recruit a new client. The audit includes the following reviews:
Monitoring Once the audit is completed, BERG Associates recommend adjusting systems and procedures to address deficits. For businesses, this may entail procedures to ensure that a product is being purchased, distributed, and sold in a legal, competitive manner. This may be collaborative program to ensure employee adherence to all corporate and external regulatory laws and procedures that includes the following:
Such programs can also include:
Deliverables can include a detailed report of findings and a database with the profiles/credit reports of key outside contacts. Periodic, surprise spot checks to ensure the integrity of the distribution and pricing system. Countering Contraband Unauthorized distribution of products may be part of an illegal scheme, such as smuggling, tax avoidance or money laundering. We design and monitor systems to help you ensure that distributors properly sell and protect the integrity of your product and that payments originate from legal sources. Meeting the international demand for consumer and industrial goods is a important goal of any thriving business. Meeting this demand requires overcoming several challenges, such as:
BERG Associates provide clients with expert advice on these matters by verifying the backgrounds of potential distributors and their ongoing activities. BERG can determine if a distributor meets your compliance requirements for the sale of your product. BERG also can investigate whether or not your product is being sold in appropriate markets. BERG’s analysis can establish whether transfer pricing issues are causing authorized distributors to suffer from a "back wash" of product entering their sales areas in an unauthorized fashion. BERG can help a company verify that distributors are properly importing and exporting the company product. BERG also can help businesses determine if organized crime groups are using unlawful monies to purchase your goods in worldwide money laundering schemes and thereby potentially subjecting your business assets to asset forfeiture actions. In addition, BERG can review contract disputes with authorized distributors, tax consequences, foreign corrupt practices and mitigate the risk of asset forfeiture actions against the companies assets. Key Benefits
|