Fight tax non-compliance or wilful evasion


What answer to bring if you try to fight tax non-compliance or wilful evasion?

 

Problem 

This covers both proposed products/services and reporting obligations

  1. Proposition of financial products/services aiming at easing third parties (clients, intermediaries, …) tax evasion.
  2. Intentionally missing the reporting of tax-related transactions and positions

 

Pain points:

  • Failure to detect the tax evasion risk related to product and services during the new product & activities validation processes
  • Failure to detect products and services soled to clients without prior approval of new products/activities validation committee
  • Failure to detect missing transactions and positions in tax-related reporting

 


Answers

Mitigation internal approach:

  • Risk management by design
  • Machine Learning applied to fraud management
  • Alert / Validation by design

Technologies:

  • Machine Learning
  • Orchestration
  • Data Management

 


Solutions

Celonis

« Process Mining expert »

Celonis is an international IT company developing process mining and Executive Management Systems.
Its process intelligence technology analyzes log data from the customer’s systems and delivers actionable insights into their core processes.

Find more about Celonis here.

 

Palantir

« Visualizing and fighting fraud »

Palantir Technologies offers a suite of software applications for integrating, visualizing, fighting fraud, and analyzing information.

The software allows analysts within and between government organizations to collaborate and to analyze large quantities of data.

Find more about Palantir here.

 


How Aurexia can help?

 

PRE-PROJECT: preparation of innovative project

  • Conduct RFP process on business topics

  • Validate data to be proceed by the solution (data preparation)

  • Formalize digital ambitions & business needs

  • Detect relevant business use-cases for specific technology

  • Lead ideation workshops to define pain points and needs

 

DURING PROJECT: End-to-end project delivery

  • Ensure global project management with key stakeholders

  • Design business requirements and adaptive services

  • Review operating model with new solution and business

  • Define IT governance with key stakeholders on new solution deployed

  • Promote solution with an awareness plan and change management strategy

 

AFTER PROJECT: Monitoring project success

  • Ensure change management plan roll-out with users and management

  • Conduct data visualization project to add reporting capabilities

  • Promote the project through a dedicated communication plan

  • Formalize KPI and build project business case

  • Identify new project opportunities (same client with other departments

 

Want to know more? Contact us: finlab@aurexia.com