Central Asia: Integrity Due Diligence. Third Parties Risks. Your Trusted Advisors for Central Asia International Investors Solutions: Managing Your Risks in Central Asia Doing Business in Central Asia: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan.

Corruption is pervasive in several countries of Central Asia, where a majority of respondents say they are either asked or are expected to pay bribes to receive public services...

If your company’s business is carried out in one of the post-Soviet Central Asian countries like Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, or Turkmenistan, then

Making your corporate ethics policies understood and routinely referred to by employees at your local offices in Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, and Turkmenistan is a huge challenge. Solving this challenge means getting rid of foreign corruption exposure

Sarsenov Corporate Governance Advisory
Compliance in Kazakhstan, Kyrgyzstan, Uzbekistan
Corporate Governance & Compliance Services

 

With us you can safely inquire about any indidual or business entity in Central Asia!

 

Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan





Let professionals do their business in Central Asia

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Advising on compliance risks in Kazakhstan, Uzbekistan, Kyrgyzstan,Tajikistan and  Turkmenistan

Adapting Compliance and Ethics Policies for Kazakhstan and Central Asian Offices

Customized compliance and ethics trainings for targeted groups of employees and managers

Assessment of compliance controls at local offices in Kazakhstan and Central Asia

Conducting investigations in Kazakhstan, Kyrgyzstan, Uzbekistan

Third party due diligence in Kazakhstan, Kyrgyzstan, Uzbekistan

 

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  Central Asian Compliance Updates

(Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan)  - FREE! 

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Are you responsible for your company's compliance risks in Kazakhstan and Central Asia? Do you still think that conventional ethics, compliance policies are going to protect your compliance program (meaning your company's reputation) there? Including corruption risks, frauds, other particular risks? (FCPA, UK Bribery Act, UNCAC, other)

Last studies show that Kazakhstan and Central Asia are among the highest third-party risk geographical territory.

Our profound knowledge of local situation in each of the Central Asian countries, combined with our huge unique experinece in Central Asia helped LOTs of international businesses to save millions of dollars.

We often saved our clients in the most difficult situations!

We literally prevent compliance problems in Central Asia from happening if you start working with us earlier. We protect our clients from being involved in any form of compliance problem in the region (Kazakhstan and Central Asia). 

We creat bullet-proof protection for our clients!

 

Unlike most international consultants we do not charge for initial examinations.

 

Do you know that many companies with strongest copliance programs in the world had burned out in Central Asia?

Most of those risks are related to corruption, frauds and money laundering. Almost 50 percent people are paying bribes in Kazakhstan and Central Asia according to latest serveys. Over US $1.5 trillion dollar have been laundered in Central Asia every year.

There are over 4,500 international companies and joint projects from USA, Netherlands, UK, Italy, Sweden, and many other countries working today in Kazakhstan and Central Asia. Many of international businesses have no choice but to pay bribes to get into market, or simply to start officially working there. Local government agencies and officials creat sofisticated tricks and schemes to extort bribes from international businesses.

According to EBRD’s Anti-Corruption Report, corruption is pervasive in several countries of Central Asia, where a majority of respondents say they are either asked or are expected to pay bribes to receive public services. The Transition Report documented the importance of corruption as an obstacle to doing business in the region. In most of its countries, corruption ranks among the top (!) three obstacles to the business of a representative firm.

As a compliance risk experts specialized in Kazakhstan and Central Asia we see frauds, outright corrution and money laundering happening there every day! To get some information about real compliance and ethics in Central Asia click here. (Central Asian Compliance Updates )

Another impotant reason why multinationals' compliance programs often stumble upon Kazakhstan and Central Asia is that their programs are not accounting for many local cultural spcifics - crucial to be ignored!!! 

We advise our internationals clients having projects and operations in Kazakhstan and Central Asia to help them prevent compliance disasters before they happen, especially those related to corruption, money laundering, local frauds.

Our profound knowledge of local situation in each of the Central Asian countries, combined with our huge unique experinece in Central Asia helps us to untrap our clients from the most difficult situations!

We never compromise when it comes to protecting our clients interests!

Unlike many ther consultants we daily and hourly monitor situation on the ground in each Central Asian country: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan. We know all the details of local legislations, culture, languages, corruption situation, specific reagulations on corrution, bribery, money laundering of each country.

We know all risks and tricks local government officials apply to trap our clients into corruption schemes. Non of other consultants can brag about that level of expertise!

All this helps us to provide unprecedented level of protection to our clients!  


Let us, your compliance SAWT Team, protect your company interests in Central Asia!

Be it a general risk avdising, FCPA, UK Bribery Act, or AML protection, local investigation, due diligence, ethics program customization, specific targeted trainings, or advice on specific situation, or any other assignments. 

Email us now your questions and concerns directly at: cga@sarsenov-advisory.com or

Call us now to make an appointment for telephone or Skype consultations with our expert, Principal Consultant in USA, Nurlan Sarsenov to discuss your particular situation +1 (718) 289 4134 




For those of our clients interested in separate service packages we offer the following expert advising services to help prevent them from any kind of compliance failures in Kazakhstan and Central Asia:


Advising on specific compliance risks in Kazakhstan, Uzbekistan, Kyrgyzstan,Tajikistan and  Turkmenistan

Deep Customization of Compliance and Ethics Policies for Kazakhstan and Central Asian Offices

Customized compliance and ethics trainings for targeted groups of employees and managers

Assessment of compliance controls at local offices in Kazakhstan and Central Asia

Conducting investigations in Kazakhstan, Kyrgyzstan, Uzbekistan

Third party due diligence in Kazakhstan, Kyrgyzstan, Uzbekistan


 

We do not make undeliverable promises! 

Unlike many other international firms which are always ready to solve "any problems" in "any geographical area" we are greatly focused on one specific region - Kazakhstan and Central Asia, which highly leverage effectiveness of our help to our clients. We detect problems long before they may arise.

Our advising on each project is as fast as posible, focused, and to the point! We do not waste our clients time!

Time might be crucial in many of our clients situations on the ground in Central Asia! We know our business!

We are hard working and honest professionals with huge experience in Central Asia. 

Comparing most of compliance advisors and experts working in Central Asian countries we are U.S. certified professionals and have a great international experience, moslty USA and Europe, with our main office located in Manchester, NH, USA.

We are always on the cutting-edge of the latest trends and developments in international anti-corrpution, AML, compliance & ethics. Unlike many of our competitors we have our agents and advisors on each of Central Asian countries who are always ready to get into solving each of our clients' unique problem, whether it  is a risk avdising or AML protection, local investigation, due diligence, program customization, specific targeted trainings, or advise on any other specific aspect of your company's situation.

 

Our expertise is unique. Non of our competitors is able to provide such level of protection we offer our clients for Central Asia.

We are a small firm, but size is nothing(!) when it comes to expertize! Many bad things happenign in the region with "big firms" advice. Many of their local offices are staffed with young local "experts" with no or little experience of advising or handling such important matters like FCPA, USA Patriot Act, OFAC, BSA/AML, UK Bribery Act and many other important standards. Expertize is the only thing which is critical here! We are USA certified professionals and we are ready to help you. 

Ask your questions directly from our leading expert in USA, Nurlan Sarsenov. Make an appointment today!


Email your questions and concerns directly to us at: cga@sarsenov-advisory.com or make an appointment for consultations to discuss your situation with our Principal Consultant in USA, Nurlan Sarsenov at +1 (718) 289 4134 


We never compromise when it comes to protecting our clients interests! Our ultimate goal is our clients FULL protection on the ground! We know all about this region's compliance risks and local culture. We create bullet-proof compliance protection!

 

Click here to learn more about our experience in Central Asia.

To learn more about compliance problems in Central Asia click here.

If you want to discuss your particular situation related to the following countries: Kazakhstan, Kyrgyzstan, Uzbekistan, Tajikistan, Turkmenistan, please, feel free to email us a short description of your particular situation. We would be happy to help you.

 

We have helped many corporations and financial institutions to find solutions for their governance, compliance, and ethics problems in Kazakhstan and Central Asia.

We are passionate about helping our clients to find solutions for each of their particular situations. Each case is unique.

Nurlan Sarsenov, seasoned Central Asian compliance expert, represents the firm in the U.S. We also have our broad network of highly qualified local experts in Law, Business, Corporate Governance, and Compliance—all working within Central Asia in Kazakhstan, Kyrgyzstan, Turkmenistan, Tajikistan, Uzbekistan, and some other post-Soviet countries.

 

See also

Corporate Governance Services

Standard Compliance Services (International)



Phone: +1 (718) 289 4134

Email: cga@sarsenov-advisory.com


 

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 Compliance Offices of Multinational Firms: Be Better Prepared - Prevent Surprises in Your Central Asian Offices



Central Asia


 

In the EBRD-World Bank's 2009 survey of 11,000 firms on Trends in Corruption and Regulatory Burden in Central Asia and other transition economies it was said:

"Often the administrative requirements of complying with regulations are unnecessarily excessive, and can encourage bribe seeking by public officials and bribe offers by firms. The survey contains numerous questions pertaining to regulation and its compliance burdens on firms."

According to EBRD’s 2010 Anti-Corruption Report, corruption is pervasive in several countries of Central Asia, where a majority of respondents say they are either asked or are expected to pay bribes to receive public services. The 2010 Transition Report documented the importance of corruption as an obstacle to doing business in the region. In most of its countries, corruption ranks among the top (!) three obstacles to the business of a representative firm.



Lesson From Recent Pfizer's Case

Pfizer H.C.P. Corporation, an indirect wholly owned subsidiary of Pfizer Inc., has agreed to pay a $15 million penalty to resolve an investigation of Foreign Corrupt Practices Act (FCPA) violations. In August 7, 2012 The Securities and Exchange Commission charged Pfizer Inc. with violating the Foreign Corrupt Practices Act (FCPA) when its subsidiaries bribed doctors and other health care professionals employed by foreign governments in order to win business.

Employees and agents of Pfizer’s subsidiaries in Kazakhstan, Russia, and some other countries made improper payments to foreign officials to obtain regulatory and formulary approvals, sales, and increased prescriptions for the company’s pharmaceutical products. They tried to conceal the bribery by improperly recording the transactions in accounting records as legitimate expenses for promotional activities, marketing, training, travel and entertainment, clinical trials, freight, conferences, and advertising. Preventing such disaster might have cost a fraction of all penalties.  



 

Second Layer Check For Most Risky Compliance Zones

In Central Asian countries like Kazakhstan, Tajikistan, Uzbekistan corruption and extensive internal frauds might undermine your Compliance efforts badly without your due attention to the aspect. Without properly understanding the situation on the ground, without securing second opinion from experts knowing the country situation, you would never see what is actually going on in your regional office.  

Our experince of working with local managers, compliance and risk officers proves, that in 80% times your local compliace officer, if you ever had any, or your local manager, might be unable to timely recognize and catch the real danger in a critical moment. There are many explanations for that. But in short, the reason is about loosing effectiveness of your Compliance Officer or other  regional manager who is responsible for Ethics. Being responsible for Ethics in such countries is like a sifting a thick liquid by using a fine filter.

We would say that in a 'durty' environment its better to have additional filters to provide you  additional layer of control, or additional checks. Such an additional, fresh filter is a trusted and qualified advisor who can periodically have fresh and independent look at the local system's proper work, evaluate and/or ensure its effectiveness. The advisor who is very familiar with compliance and ethics environment both in the region of your local office and in your main country. The cost of such disaster prevention is a fraction (!) of what might be paid out as fines and penalties, not to say about other possible damages from overlooking the most critical things in the regional offices. 



How we can help you? 


Advising on compliance risks in Kazakhstan, Uzbekistan, Kyrgyzstan,Tajikistan and  Turkmenistan

Adapting Compliance and Ethics Policies for Kazakhstan and Central Asian Offices

Customized compliance and ethics trainings for targeted groups of employees and managers

Assessment of compliance controls at local offices in Kazakhstan and Central Asia

Conducting investigations in Kazakhstan, Kyrgyzstan, Uzbekistan

Third party due diligence in Kazakhstan, Kyrgyzstan, Uzbekistan

 

We at SCGA advise Compliance Offices of multinational corporations in finding their compliance solutions, their codes and policies adaptation, risks identifying, evaluation of regional ethics programs, providing special trainings to your local experts in their local languages, and many other compliance solutions all related mostly to neutralizing your comany's FCPA (or UK Bribery Act), money-laundering, and other risks exposure in countries like Kazakhstan, Uzbekistan, Kyrgyzstan, Turkmenistan, and some other Post-Soviet  countries. We have our broad network of over 60 qualified representatives and local compliance, legal and business experts on the ground. We are able to provide complex opinion on variety of compliance risk issues. 

We helped many of our clients in indentifing and mitigating major compliance risks in Post-Soviet Central Asian countries.

To see what we can do for you, please, check our Compliance Support In Central Asia.