Valuation, a Risk Management Tool to Combat Fraud, Corrupting and Money Laundering

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Ben Elder BA BSc FRICS ACIArb,
Global Head of Valuation at RICS

Ben is a Global Leader in Valuation having worked extensively around the globe advising clients, governments and NGO’s on valuation issues. Ben is well qualified for this role as an Economist and a Chartered Surveyor with an interest in the interface of the economy and property markets and is the author of a chapter in the Routledge Handbook on Sustainable Real Estate. Ben’s has been a practising valuer and respected academic holding senior positions at Nottingham Trent University and The College of Estate Management. Ben is the immediate past Chair of IVSC Tangible Assets Board and member of the Standards Board. Ben also the immediate past chair of Commission 9 (Valuation) for the International Federation of Surveyors (FIG). Ben has recently been working with a Team on developing the manual and toolkit on the valuation of unregistered land for UN Habitat & FIG.

Ben is a Global Leader in Valuation having worked extensively around the globe advising clients, governments and NGO’s on valuation issues. Ben is well qualified for this role as an Economist and a Chartered Surveyor with an interest in the interface of the economy and property markets and is the author of a chapter in the Routledge Handbook on Sustainable Real Estate.
Ben’s has been a practising valuer and respected academic holding senior positions at Nottingham Trent University and The College of Estate Management.
Ben is the immediate past Chair of IVSC Tangible Assets Board and member of the Standards Board. Ben also the immediate past chair of Commission 9 (Valuation) for the International Federation of Surveyors (FIG).
Ben has recently been working with a Team on developing the manual and toolkit on the valuation of unregistered land for UN Habitat & FIG.

Event Details

Valuation as a Risk Management Tool to Combat Fraud, Corruption and Money Laundering

Presenter: Ben Elder FRICS RICS Global Head of Valuation.

A key part of regulating the excesses of the market is improving the transparency of the information in the market and key to this are International Standards. Ben will examine the interplay of various International Standards that help to drive transparency in markets. The presentation will focus on how the proposed changes to the International Valuation Standards due in January 2024. These changes will include additional requirements focused on the governance of the valuation process and data management.

The stated purpose of the IVSC is to set International Valuation Standards which promote consistency and professionalism in the public interest.

Transparency is a key component to evidenced consistency and professionalism. To provide the required transparency a framework for risk management is necessary and this risk management framework provides the opportunity to combats fraud, corruption including money laundering as well as facilitating improved market evidence. As Hernando DeSoto said in the Mystery of Capital:

"If standard descriptions of assets were not readily available, anyone who wanted to buy, rent or give credit against an asset would have to expend enormous resources comparing and evaluating it against other assets- which would also lack standard descriptions."

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Ben is a Global Leader in Valuation having worked extensively around the globe advising clients, governments and NGO’s on valuation issues. Ben is well qualified for this role as an Economist and a Chartered Surveyor with an interest in the interface of the economy and property markets and is the author of a chapter in the Routledge Handbook on Sustainable Real Estate.
Ben’s has been a practising valuer and respected academic holding senior positions at Nottingham Trent University and The College of Estate Management.
Ben is the immediate past Chair of IVSC Tangible Assets Board and member of the Standards Board. Ben also the immediate past chair of Commission 9 (Valuation) for the International Federation of Surveyors (FIG).
Ben has recently been working with a Team on developing the manual and toolkit on the valuation of unregistered land for UN Habitat & FIG.

Ben Elder BA BSc FRICS ACIArb

Ben Elder BA BSc FRICS ACIArb,
Global Head of Valuation at RICS

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Ben Elder BA BSc FRICS ACIArb

Valuation, a Risk Management Tool to Combat Fraud, Corrupting and Money Laundering

Ben Elder BA BSc FRICS ACIArb, Global Head of Valuation at RICS

Event Details

Other Speakers

Sponsors and Partners

Organizer

Partner

Community

Connect with 40 people attending this event

Ben Elder BA BSc FRICS ACIArb,
Global Head of Valuation at RICS