The Second Meeting of the Belarus-EU Investment Club was organized by the Belarus-EU Business Council (BEUBC) with the support of the KPMG in Belarus – the member of the BEUBC – on the 13th June 2013.
The Second Meeting of the Belarus-EU Investment Club was organized by the Belarus-EU Business Council (BEUBC) with the support of the KPMG in Belarus – the member of the BEUBC – on the 13th June 2013. Almost 90 participants took part in this business networking meeting from more than 40 organizations and companies. Among the participants, there were representatives of local and international companies, the Consulate of the Netherlands in Minsk, the Ministry of Foreign Affairs of the Republic of Belarus, embassies, the Belarusian Currency and Stock Exchange, Belarusian and foreign banks and universities, lawyers and consultancy experts.
The main topic of the Meeting was: “The lifecycle of a forensic engagement: A quick look at the profile of the typical fraudster investigated by KPMG and how to deal with the aftermath of an investigation”.
Director of the BEUBC James Wilson addressed the highly respected audience with the welcome speech. The representatives of KPMG in Belarus, Irina Vereschagina, the Partner, Vassily Tarasevich, the Transactions and Restructuring Manager, and Gundega Tamane, the Forensic Services Manager, delivered the presentation which provided the participants with the detailed information on the internationally used definition and types of fraud, summary of the international survey on typical fraudster profile and typical situations of fraud and non-compliance with the international laws and regulations and how these situations were resolved involving Forensic specialists. The presenters from the KPMG in Belarus analyzed the factors leading to financial fraud and drew a special attention to the practical controls and procedures to be used to prevent, detect and respond to the fraud and minimize the fraud risk for the company.
The presentation was followed by the Q&A session. The closing speech of Mr Baicharov, the Head of the Europe Department of the Belarus Ministry of Foreign Affairs, was followed by the buffet dinner, during which there was a unique opportunity to address specific issues in face-to-face discussions.