Deloitte India Forensic webcasts

Demystifying Institutional Anti-Money Laundering Risk Assessment: is it fit for purpose?

Date: 6 May 2020

The RBI has recently mandated banks and financial institutions to carry out money laundering (ML) and terrorist financing (TL) risk assessment with a view to identify, assess, and act effectively.

Deloitte Touche Tohmatsu India LLP organised a webinar to provide insights on the institutional risk assessment process based on leading practices, to better manage their anti-money laundering and counter terrorist-financing compliance programmes.

Impact of COVID-19 on corporate fraud and compliance

Date: 28 April 2020

As COVID-19 continues to spread, its impact on business is becoming apparent. Historically, there has been an unearthing of large-scale corporate fraud, misconduct or non-compliance, following most natural disasters or pandemics. With this context, we need to stay vigilant amidst the chaos brought about by the current pandemic.

To help you understand the challenges organisations are increasingly facing in the corporate fraud arena, we hosted a webinar on 28 April 2020 on “Impact of COVID-19 on corporate fraud and compliance”.

This session will focus on how COVID-19 can affect the state of corporate fraud, while outlining preventive measures. It briefly focused on:

• The current fraud landscape and corporate preparedness
• Historical implementation of actions around corporate fraud
• Mitigation measures to consider
 

Contract Failures in light of COVID-19

Date: 24 April 2020
Time: 3:00 p.m. - 4:00 p.m.

As COVID-19 continues to spread, its impact on business is becoming apparent. Historically, there has been an unearthing of large-scale contractual risks, following most natural disasters or pandemics. With this context, we need to stay vigilant amidst the chaos brought about by the current pandemic.

To help understand the challenges with regard to contractual risks and the enforcement measures that can be taken to mitigate the risks , we hosted a webinar in association with J Sagar Associates on 24th April 2020.
 

Undertaking effective due diligence amidst the COVID-19 crisis

Date: 21 April 2020
Time: 3:00 p.m. - 4:00 p.m.

The emergence and rapid spread of COVID-19 continues to impact businesses.

Given the challenges in operations and limited mobility, organisations may face multiple constraints while carrying out forensic due diligence procedures—while on-boarding new vendors or making decisions pertaining to new investments.

Deloitte India, along with Trilegal, organised a webinar to discuss current constraints and opportunities for organisations to effectively undertake forensic due diligence.

Asset Tracing and Recovery across jurisdiction

Date: 16 April 2020
Time: 3:00 p.m. - 4:00 p.m.

With increasing globalisation and integration of financial systems across the globe, the proceeds of financial crime can be hidden across multiple jurisdictions.

In several cases, legislation limitations constrain organisation’s ability to carry out multi-jurisdictional inquiries and asset tracing activities.

But the situation is now changing. Thanks to the growing global collaboration that aims to curb willful defaults that can cripple economic progress. Recently, the Indian Government designated the United Arab Emirates (UAE) as a “reciprocating territory” for the purpose of execution of the decrees of UAE courts in India by allowing banks and financial institutions in the UAE to take legal proceedings against loan defaulters by recovering debts, and identifying defaulters who may have fled to India.

Deloitte India is organised a webinar to discuss how organisations can leverage asset tracing practices across jurisdictions.

Potential impact of COVID-19 on Anti-bribery and Corruption compliances

Date: 13 April 2020
Time: 3:00 p.m. - 4:00 p.m.

Organisations are exposed to several risks, owing to the business disruptions adopted to tackle the spread of COVID-19. The risk of bribery and corruption remains high. As organisations battle for survival, it can be tempting to deprioritise anti-bribery and corruption (ABC) compliance, to meet business priorities.

However, past experience shows that adhering to anti-bribery and corruption compliance programmes not only help organisations tide over tough times, but also enhance their reputation. Let us better understand the potential risks in light of COVID-19, and measures to mitigate them.

To help you understand this, we hosted a webinar on 13 April 2020 that primarily focused on:

• Overview of the ABC regulatory and enforcement landscape during COVID-19
• Heightened risks, and examples from the past
• Risk of sources of corruption
• Best practices followed by the companies 
• Re-defining ethical boundaries within organisations

Law Firm Solution : The role of expert in commercial

Date: 31 March 2020
Time: 3:00 p.m. - 4:00 p.m.

The rapid globalisation of world economies has led to an increased emergence of disputes across sectors. Arbitration, given its potential for flexibility, cost effectiveness and timeliness, is increasingly being preferred by organisations (among the various alternative dispute resolution mechanisms) to settle commercial disputes that have significant financial exposure.

The role of an expert is to independently examine the facts of the case and thereby provide the arbitration tribunal with specific subject matter information to assist them in making informed decisions regarding the dispute.

An expert may be appointed jointly or by either party to the dispute, can help provide a realistic expectation of the settlement outcome, facilitating informed decision making and helping obtain a prompt and fair settlement.

Disputes, particularly those in the commercial arbitration space, involve complex issues that often require technical application pertaining to concepts rooted in finance and economics, in addition to industry specific expertise. The involvement of a subject matter expert brings in an added degree of reliability and ensures that facts are accurately presented in an unbiased manner, to help resolve the dispute efficiently.

Mitigating cross-border transaction risks

Date: 20 Feburary 2020
Time: 3:00 p.m. - 4:00 p.m. 

India has seen over 3,600 cross border transactions and deals in the last five years. The Foreign Direct Investment in the first eight months of 2019-2020 has been over of $22.4 billion, thereby indicating that more transactions may materialise.

However despite this aggressive pace, the post-transaction experience has left much to be desired for many companies. Several companies have faced legal, financial and reputational damages upon discovery of possible fraud, mismanagement and other corporate malpractice arising from inadequate internal controls and poor governance structures.

To better manage such situations it is important for legal professionals to undertake thorough due diligence on the entities involved.