Business Crimes & Compliance
Business Crimes & Compliance
By way of example, recent assignments include advising the following:
- a major international group on a particular type of cross-border fraud, based on the VAT system which is known as VAT missing trader intra-community fraud (MTIC fraud). VAT intra-community missing trader fraud is a systematic criminal attack on the VAT system, which has been detected in many EU Member States including Greece. Our work on the matter was to assess Greek implications (tax, administrative, labour, corporate, criminal and other) arising from the involvement in such fraud of high ranked employees of our client and propose appropriate actions to comply with the applicable framework, including the handling of disclosures and collaboration with the Greek authorities
- a major European automobile industry on white-collar criminal and tender-debarment risks and on the obligations of disclosure to the Greek criminal authorities and public-procurement agencies, as well as on the implementation of its compliance mechanism for its Greek operation in conformity with Greek corporate, criminal, labour and data protection laws
- a major US corporation on the compliance of various policies and procedures implemented by the Greek subsidiary ranging from employment, commercial matters, M&A, anti-corruption, etc.
- a major international industrial and telecom company on tender-debarment risks and on the methods to achieve compliance for its future projects in Greece
- a major international IT company regarding its participation in a high-volume public contract in Greece (following a tender) and irregularities revealed through internal audits of the group; contributing to the identification of the legal issues and to the planning and implementation of the necessary self-cleaning measures in line with the Greek law
- significant US and non-US defence manufacturers on legal issues connected with their domestic compliance with respect to the use of commercial sales representatives and/or consultants while bidding for Greek public tenders or contracting with the Greek State
- a non-listed German corporation in relation to its cooperation with the German prosecuting authorities with the aim to reveal irregularities in obtaining large contracts with the Greek State and produce related evidence and in the carrying out of related audit work and interviews
- a major German house-appliances company by assisting in the implementation of internal audits regarding the compliance of its promotional and marketing activities in Greece
- US defence industries on issues related to FCPA ramifications stemming from public procurement contracts.
Zepos & Yannopoulos is the exclusive correspondent for Greece of TRACE International, (Transparent Agents and Contracting Agencies, www.traceinternational.org), a non-profit membership association that specialises in anti-bribery due diligence reviews and compliance training for international commercial intermediaries. Our active participation in TRACE helps us follow developments in this field internationally and deepen our relevant knowledge and understanding of related matters.
Furthermore, Zepos & Yannopoulos assists OECD within the framework of workshops organised in Greece, with a goal to promote compliance, internal controls and ethics in Greek companies, providing to the attendees of such workshops an insight and practical advice on the Greek Anti-Corruption legal environment.