Polemic forensic assists its clients in conducting its AML CTF compliance and investigations by the provision of an Arabic speaking accountant whom understands the cultural and financial nuances that are involved.
Section 28 of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 provides the following customer due diligence requirements in relation to corporate entities, beneficial owners and agents. (2) The relevant person must— (a) identify the customer unless the identity of that customer is known to, and has been […]
Is there a greater risk of your office being destroyed by fire or flood or business data being seized or corrupted by criminals demanding a ransom fee to restore it. Would most professional firms find it easier to recover from the loss of its physical premises than to recover from the loss of its computerised […]
The UK Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 were enacted on 26 June 2017. Section 18 specifies that in identifying and assessing the risks of money laundering and terrorist financing to which its business is subject reference must be had to the following:- (i) its customers; (ii) […]
The Office for Professional Body Anti Money Laundering Supervision (OPBAS) commenced operations in the United Kingdom in January 2018. OPBAS will directly oversee the accounting and legal associations AML supervisors in the UK. The Money Laundering Regulations 2017 detail the standards which the associations are required to comply with and place a heavy onus upon […]
Gambling companies and financial institutions have policies in place in relation to know your client (KYC) and suspicious transactions that their clients may seemingly engage in. However recent media reports that allege a lawyer working at Atanaskovic Hartnell transferred millions of dollars from a client into his personal bank account and into his personal betting […]
Polemic Forensic provide probity checks and investigations in relation to tenders, expressions of interest and suppliers. The conduct of checks and investigations of sole traders, corporate, partnership and trust entities provides a higher level of security and risk management for customers dealing with third parties.
Consulting services Polemic Forensic provides a consultancy service to businesses involved in dealing with Arabic speaking countries in the Middle East and Africa. Such dealings may include interaction with regulatory authorities in relation to mining or drilling licences, the acquisition of businesses or business interests and financial investments. Due diligence Polemic Forensic conducts a due […]
A manager of a medical supplies company has been charged with stealing in excess of $1.2 million by creating fraudulent invoices and arranging for same to be paid into his bank accounts. Company issued credit cards were also used to pay invoices rendered by companies which he had established. This is a clear case of […]
The 2015-2016 report on the operation of the Aged Care Act 1997 indicated that there were approximately 195,000 residential aged care places. The average age for new residents is approximately 82 years for males and 84 years for females. The Australian Treasury’s 2015 Intergenerational Report surmises that there will be a significant surge in demand […]
