The one with the
manufacturer elimating risky customers and suppliers from their operators…

Advised a large precious metal trading company in relation to its exposure to financial crime risk especially relating to VAT fraud and anti-money laundering issues.  Undertook work reviewing their counter fraud policies and provided specific advice on updating policies when dealing with new suppliers and customers.

The focus of advice and policy amendments related to their concerns at not being made party to VAT fraud, or being at risk of inadvertently committing a money laundering offence. 

We continue to provide ad hoc financial crime compliance updates and advice to the client in relation to specific areas of concerns and all other matters relating to suspicious conduct.