Our reputation for financial integrity and honesty is essential. Fraud and Tax Evasion are the opposite of honesty. Even when unproven, it can destroy our reputation.
So we leave no room for doubt by applying due diligence and ensuring our books, records and financial reporting accurately reflect the true state of our business, our costs and our transactions.
Fraud - If you deceive someone by misrepresenting or dishonestly reporting facts to gain an advantage, it's fraud. It is also fraud if you get someone else to do it. Fraud is usually carried out for gain, and it is a very serious crime. In some counties the deception doesn't even have to be deliberate - you can face criminal charges just for carelessly allowing it to happen.
Money Laundering - Money laundering involves trying to "launder" the proceeds of criminal activity such as terrorism, drug trafficking and fraud into legitimate funds or assets. Sometimes this also involves using legitimate funds to finance terrorism. Money laundering depends on misrepresentation or creating a false reporting trail. We comply with money laundering and anti-terrorism legislation around the world, and apply due diligence checks on all those we do business with.
Tax Evasion - This is fraud which deprives a Tax Authority of money it is entitled to. Tax Evasion is a criminal offence. In some countries it is also an offence to deliberately and dishonestly take action to help someone else to evade tax.
Time and Expense Reporting - To make sure we are charging our customers properly for our efforts and they are getting what they paid for, it's vital that we maintain accurate timekeeping and expense reporting at all times. Different business units have different ways of doing this. If you have a question, ask for help. Take the time to get it right!
We must all ensure our books, records and financial reporting are complete and accurate.
We do not evade tax and we do not help others to evade tax.Read more