How challenging is it to work in compliance? Our world-class
compliance experts share their views.
This is the first part of the series 5 truths about global
compliance.
Download the paper to read the full version.
Priscila Westerhof-Fittipaldi, Portfolio Director of Corporate
Secretarial Services at TMF Group, shared a story that left her in
awe: "During our on-boarding exercises with a global client
who hired us for our Corporate Secretarial (CoSec) service, I came
across a company with subsidiaries in Africa," she recalls.
"The official register of directors in a certain country had
the name of a director who'd left the company already for five
years. The previous service provider had forgotten to update the
register and never picked on the annual review that this needed
attention. Legally speaking, someone who was no longer part of the
organisation was still an official representative. Just imagine the
sort of trouble an error like that can cause,"
