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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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