Special Compliance Rectification Case for a Financial and Tax Services Company
A Shanghai financial and tax services company was investigated for brokering the issuance of fraudulent VAT invoices. The total value and tax involved exceeded 7.9 million yuan, placing the company at risk of criminal prosecution. After Caichen Fuwo's intervention, it first assisted the company in fully paying back taxes and late fees and identified compliance loopholes in its business processes. It then led the development of a specific rectification plan, promoting the separation of management personnel and office space, adding a compliance specialist, and establishing a "two-person verification" system for invoice review. During the compliance review period, it collaborated with a third-party supervisory assessment organization to conduct four specialized training sessions and risk assessments, resulting in a 120,000-word rectification report. Ultimately, based on the effectiveness of the compliance rectification efforts, the procuratorate decided not to prosecute the company and its responsible persons, helping the company resume normal operations and establish a long-term compliance mechanism.