Counteracting bribery. ISO 37001:2016 Karol Majewski • 13 September 2017 Counteracting bribery: Currently the Respect Index includes 25 companies listed on Warsaw Stock Exchange. The largest of them [1] (i.e. 9 out of 10 largest) follow non-financial reporting GRI G4 Guidelines - by implication, they have undertaken to provide the total number and types of confirmed cases of bribery...
4th AML Directive: applicability of the upcoming changes Jakub Florek • 13 September 2017 Money laundering is generally associated with financial institutions, especially banks. This fact is not surprising, because from a historical perspective and still even today, banks comprise the main channel through which funds originated from illegal sources are introduced into official circulation. Nonetheless,...
Amended Draft Act on counteracting money laundering and terrorism financing – what changes do financial institutions need to get ready for? Jakub Florek, Małgorzata Wójcik • 13 September 2017 On July 12, 2017 the Ministry of Development and Finance published a draft updating the Act on counteracting money laundering and terrorism financing. The amendments are introduced with a view to implement Directive No. 2015/849 of the European Parliament and of the Council of 20 May 2015, also known as 4th AMLD,...
Corruption Perception Index 2016: how to follow the leaders? Martyna Wiśniewska • 23 February 2017 Every year, by the end of January, Transparency International publishes the Corruption Perceptions Index (CPI). The higher score in the survey indicates a lower level of perceived corruption by business practitioners and experts. The results of this year’s edition do not surprise. Denmark and New Zealand came...
Extended confiscation – a new solution to fight organized crime? Martyna Wiśniewska • 12 January 2017 The Amendments to the Criminal Law and certain other acts of law have been in effect in Poland beginning from April this year. The new legislation introduces a broader range of tools, the institution of extended forfeiture, the requirement to evidence the legal origin of property and the possibility of executing...
Holiday Greetings Deloitte Forensic • 23 December 2016 Dear Friends, we wish you Merry Christmas and Happy New Year. Deloitte...
A short path from gambling to fraud Mariusz Bereśniewicz • 4 October 2016 Further press releases confirm that there’s a close link between gambling and fraud. In July media reported that the son of the former CEO of Beneficial Corporation had been sentenced by a U.S. court. A 39 year old father of two, a graduate from Harvard Law School and Princeton University, admitted that he had...
VAT fraud – a risk beyond control? Karol Majewski • 2 September 2016 Our recent experience shows that various business entities get involved in VAT fraud (e.g. VAT carousel). What is even worse, unaware of that fact they may suffer severe consequences, including financial ones. Under Article 105a of the Polish VAT Act, the purchaser of goods assumes joint and several liability for...
