FINANCE
Where do you seek counsel and information when working on something bordering on illegality?
ideally a law firm or a legal counsel. books and WW net are where i look for information
uptill now i have not been in such a situation...
When in doubt don't do it.
Our company has very strict compliance guidelines, any problems of this nature can be dealt with our head office.
As you can imagine, we see a lot of strange situations in this business. Some of the applications we are get are fraud, which we will not participate in on any level. Other requests have "gray areas" relative to disclosures. We always recommend our clients practice utmost sincerity and full disclosure.
I go straight to my lawyers then I take my clients to their lawyers and if they can't or won't fix it I walk away immediately. sometimes they haven't realised.
I avoid anything that resembles or smells illegal. I avoid situations and people that fit in those categories.
I refuse to deal with cases that border on illegal. My name and my company's name is too important. I have established a National Security Policy that covers these situations. Here is a copy of this statement which can also be found on my website.
National Security Statement :
The Independent Financial Solutions Group WILL report any client or prospective client financial activities or transactions that: 1) Violates or appears to violate Anti-Money Laundering Laws. 2) Involve or appears to involve criminal or terrorist activity or any activity that threatens the security of the United States, any of the 50 states and territories, and local jurisdictions and the security of recognized sovereign nations not listed by the United States Department of State as countries sponsoring criminal or terrorist activities.
The Independent Financial Solutions Group will cooperate with federal, state, and local authorities in all investigations involving any client or prospective client financial activities or transactions that: 1) Violates or appears to violate Anti-Money Laundering Laws. 2) Involve or appears to involve criminal or terrorist activity or any activity that threatens the security of the United States, any of the 50 states and territories, and local jurisdictions and the security of recognized sovereign nations not listed by the United States Department of State as countries sponsoring criminal or terrorist activities.
The Independent Financial Solutions Group accepts no liability for reporting any client or prospective client financial activities or transactions that: 1) Violates or appears to violate Anti-Money Laundering Laws. 2) Involve or appears to involve criminal or terrorist activity or any activity that threatens the security of the United States, any of the 50 states and territories, and local jurisdictions and the security of recognized sovereign nations not listed by the United States Department of State as countries sponsoring criminal or terrorist activities.   | | |
Ethical and spiritual leaders, are the best address...
i would not work on anything like that
I always refer to a simple principle which never failed.
"~Do not do to others what you would not want done to yourself.~"
By adhering to this principle you can always ensure you are on the right side of the law.
You need expensive lawyers that will go that extra mile for you. Expensive lawyers are smart and this is really something you cannot afford to cut yourself short on. Pay your lawers well and they will fight. For example, all Duponts lawyers are all multi millionaries. If you don't have good lawyers working for you, you will lose a lot of battles you cannot afford to lose.
I don't do anything close to illegal.
That's simple – there's right and wrong. If somebody was considering doing something even bordering on the illegal I would tell them not to do it. One bad step and you ruin your reputation for life. |
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