The enmity between sales forces and compliance departments, particularly those in charge of combating money laundering and terrorist financing, is no mystery to anyone. But why? What explains this opposition, even conflict, between those responsible for developing the company’s sales and those charged with ensuring that the company does not work with criminals and/or terrorist …
Author Archives: dominocommunication
Electronic identification: the future of KYC?
Remote identification is at the heart of the digital revolution that has radically changed the landscape of the banking and financial sector. With the emergence of online banks and neo-banks1)Unlike an online bank, which is systematically backed by a so-called traditional bank, a neobank is an independent payment institution that generally offers exclusively mobile services. …
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What Happens When There’s a Withholding Tax Error?
What happens when there’s an error in the withholding tax applied to an employee? To answer this question, it’s important to remember that the employer is legally obliged to handle these tax deductions and transmit the amount deducted to the tax administration (Administration des Contributions Directes). But to do so, the employer needs the employee’s …
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Lawyers Head to Laos to Examine Organized Crime at ILSTA
On February 11-13, key Laotian stakeholders and international experts converged at the National Convention Center in Vientiane, Laos. The theme of organized crime was explored from the perspectives of money laundering and mutual legal assistance. One of the international experts was Kaufhold & Reveillaud lawyer Jeff Braun, who was invited to speak on the regulatory …
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The current state of corruption in Eastern Europe
Almost thirty years after the collapse of the Communist bloc, corruption continues to be a reality in some post-Soviet countries. Indeed, despite perpetual efforts to combat state capture, or the concentration of power in the hands of local oligarchies, sometimes allied with large multinationals, this evil remains very present. In recent years, corruption scandals linked …
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Is it open to aberration to ask those subject to the law to detect weak signals of radicalization?
PREAMBLE : In France, TRACFIN (financial intelligence unit) and the ACPR (Autorité de Contrôle Prudentiel et de Résolution or, more commonly, the body responsible for supervising and controlling the banking and insurance sector) seem to encourage taxable persons to1)Within the meaning of Article 2 of EU Directive 2015/849 on the prevention of the use of …
How can you turn the cost of your corruption prevention program into an investment?
Compliance requires systems that generate costs – training, risk mapping, due diligence, etc. etc. These costs are necessary for risk management. Can they also contribute to the company’s development? Does the ISO certification process allow you to capitalize on your efforts? The anti-corruption measures set out in the most recent legislative and regulatory provisions are …
The art market: portrait of a criminal milieu
The art market is punctuated by auctions that can reach records, as witnessed by “Salvator Mundi”, a work attributed to Leonardo da Vinci, sold in 2017 for the modest sum of $450 million. This is the most expensive painting in the world. Aside from these record-breaking, headline-grabbing auctions, Artprice1)French Internet art market listing and online …
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Kaufhold Participates in Berlin Lawyers’ Exchange
On October 31, lawyers from across the globe converged on Germany’s capital to attend the “Berlin Conference of the European Lawyers’ Profession.” Held the first Friday of November for the past 19 years, the conference promotes the exchange of diverse professional points of view on timely topics, spanning compliance, pro bono work, management, the future …
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Length of service in corporate groups
Employee mobility and temporary work (see English translation below) Ensuring the geographic mobility of employees is a major concern for corporate groups, both nationally and internationally. Does this mobility have any impact on the employee’s length of service? The answer to this question is fundamental. Indeed, length of service is the benchmark for determining, among …
