BHR Mexico has a specialized team of Forensic Accounting, comprised of members certified by the Mexican Banking and Securities Commission, by the Instituto Mexicano de Contadores Públicos (Mexican Public Accounting Institute) and by the Association of Certified Fraud Examiners (ACFE), among others.
1) Forensic Audit, we ratify that all the administrative systems operating in the area do it correctly, avoiding economic and information leaks and manipulation of figures deriving in financial, operational, judicial and administrative issues.
2) Prevention and Detection of Frauds, our purpose is to assist the company with a methodology allowing to prevent and detect frauds.
3) Money Laundering Prevention, BHR has a team specialized in such matters with specialists certified by the Mexican Banking and Securities Commission that provide advisory and support in the compliance.
4) Training courses in Money Laundering Prevention with respect to the new obligations determined by the PIORPI Law, in addition to consider different topics such as the risk prevention (RBA), appropriate integration of files and reporting.
In the current global and complex world, companies are exposed to risks and problems they used not to deal with and it goes from fraud and abuse to errors and differences in transactions. Any company is vulnerable and the risk is imminent.
Our purpose is to provide the company a methodology allowing to prevent and detect frauds:
Currently, the world economy is threatened by transactions and operations of the organized crime, and there is a great risk that business be used as a vehicle for money laundering through such companies.
In this sense it is essential to protect the internal controls of the companies belonging to the financial system, as well as those activities considered as vulnerable with the standards issued by our authority such as the Federal Law on the Prevention and Identification of Operations with Illicit Resources (the Federal Law PIORPI) and the General Provisions (DCG), which help us to reduce the risk they represent.
In addition to the foregoing, the implementation of controls determined by the Mexican regulatory frame are not enough, due to the premises that each business is different, therefore more effective controls must be determined in order to avoid a penalty by the authority or be linked to any crime.
Our team members are certified by the Mexican Banking and Securities Commission (CNBV), Instituto Mexicano de Contadores Públicos de Mexico (IMCP), among others. We offer our clients the development of strategic solutions to strengthen the internal control, which are totally focused on mitigation of risks that are currently faced.
We support the activities related to the prevention process from the inscription or registration of the vulnerable activities, to the sending of suspicious operations report whether for financial sector entities and entities performing vulnerable activities, likewise we provide specialized advisory in transactions related to the PLD practice.
An appropriate risk control means that the policies and manuals of process implemented in a company maintain a management, prevention and mitigation of risk approach, among others money laundering, as it is currently one of the most important risks, our service includes design of risk matrices at entity level, such as transactional, policies of prevention, processes manuals, design of forms, etc., all according to the entity and its operations.
Maintaining trained personnel is good to prevent risks, in addition that it is a mandatory process with respect to entities subject to a PLD system, additionally, the vulnerable activities must be prepared according to the new obligations determined by the Federal Law PIORPI. Our training plans are designed in three levels: PLD for operative and service personnel, PLD for administrative personnel and internal structures of prevention, and PLD for top directors and executives, in addition to consider sundry topics as risk based approach (RBA), appropriate integration of files and reporting, and the basic PLD course, among others.
Nowadays, fraud is a threat in any company, perpetrators constantly look for opportunities and they have innovative and ingenious manners to commit unlawful crimes such as the illegal appropriation of assets, corruption, bribery and fraud.
The report to the nations on Occupational Fraud and Abuse 2020, issued by the ACFE (Association of Certified Fraud Examiners); mentions that a normal company losses 5% of its annual income as a consequence of Fraud. In Latin America the average loss is USD$200,000 and the countries with more cases are Brazil and Mexico.
We have a team specialized in forensic audits (FRAUD DETECTION AND PREVENTION). Our professional team is specialized in the detailed analysis of the facts, evidences and processes to detect unlawful conducts in the company.
Be sure that all your systems operating in your administration area are correctively working avoiding economic and information leaks and manipulation of figures that may derive in financial, operational, legal and administrative issues, make your systems work for you appropriately and avoid working for them, then.
The Performance Audit is an objective, reliable and independent review on if the activities or companies operate according to the principles of economics, efficiency and efficacy, and if there are areas to improve. We reach to conclusions if the resources were fully used for the development of programs and if they were able to attain the compliance with the purposes, qualifying the high level personnel in its performance and assisting to promptly implement corrective measures.
The development of this system has a good intent of the main decision maker of the company, covering its main supervision and monitoring liabilities of the operations and creating the most favorable control environment and therefore, it avoids the undesired consequences for the company. Our experts will guide you to find the methodology with the best control for your company.
The best investment of any company, whether public or private, is to have a good development of the internal control for different benefits. Our offer is to complement the system and to develop a true consultancy process under the technology tools of the company and the non-technology systems of the company, taking the COSOTM model as a benchmark, the widely recognized reference frame across the world.
Our purpose is to assist the company in developing a methodology allowing to manage the business risk on a prompt manner, by implementing tools providing the capacity to identify, measure, categorize, register, control and follow up the risk in order to strengthen the Governance.
It is an antifraud tool under the frames of ISO standard assisting your company to proactively work against fraud, among the main benefits of having this standard, we have the following: