Financial Crime World

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Types of Financial Crimes in Belarus Exposed

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Belarusian companies often find themselves vulnerable to financial crimes committed by employees with access to valuable business information, known as “White Collar” crimes. These offenses are notoriously difficult to prove and require internal investigations led by competent specialists and lawyers.

White Collar Defense: Protecting Accused Individuals

The term White Collar refers to the protection of individuals accused of economic or financial crimes, typically committed in an office environment where employees wear white shirts or shirts with white collars. These crimes include:

  • Financial fraud
  • Corporate crimes
  • False representation of information
  • Money laundering
  • Other economic offenses

A White Collar defense includes various aspects such as:

  • Representing the accused’s interests in court
  • Assisting in interrogations and testimony
  • Providing legal advice
  • Preparing for trial
  • Developing a defense strategy

Abuses Most Often Allowed by White Collar

High-ranking employees often commit financial crimes to appropriate company funds, redirect financial flows, or compromise business interests. These abuses can be:

Internal Corporate Abuses

  • Manipulation of trade secrets and valuable information
  • Manipulation of financial statements for personal gain
  • Embezzlement or concealment of company finances

Abuses by high-ranking officials may lead to bankruptcy procedures or economic crimes. Depending on circumstances, some internal corporate abuses may become the subject of a criminal investigation.

Violations of State Interests

Abuses associated with violations of state interests include:

  • Non-payment or late payment of mandatory payments to the state budget, such as taxes and fees

Measures of responsibility to the state are provided for these abuses, including:

  • Administrative fines
  • Criminal liability

Protecting Businesses from White Collar Abuse

To protect businesses, it is essential to assess economic security and identify risks and threats associated with hiring certain individuals for key positions. When hiring a manager or chief accountant, obtain consent for:

  • Requesting information from the Unified State Bank of Offenses about previous offenses
  • Requesting credit history and loan debt in the Credit Register

Internal Control Measures and Expert Involvement

Create an internal control system or develop compliance standards to prevent violations and comply with company policy. Involve independent experts to conduct investigations, identify cases of theft, fraud, and manipulation of financial statements.

Our Services

As experienced specialists in internal investigations, White Collar Crime, and English-speaking lawyers, we can:

  • Advise on the organization of a compliance system
  • Check information about candidates’ offenses with their consent
  • Conduct an internal investigation as an independent expert
  • Advise on the consequences of White Collar abuse for business
  • Represent interests in state bodies

Contact Us

For any questions or concerns regarding investigations and White Collar, we are here to help. Our long-terms experience in internal investigations, compliance, and protection of official interests will aid in resolving disputes in this area.

Phone: +375293664477 (WhatsApp/Telegram/Viber) Email: info@ambylegal.by