At DFK we are motivated by ensuring the highest possible level of service for our members and their clients
By joining DFK our members can expect the highest quality of support in all the services they deliver to their customers.
Clients can be assured that they can expect advice and assistance that complies with all regulatory bodies, as well as the latest international standards and best practice.
We ensure our high standards through:
Our commitment to our code of practice can be seen through our rigorous selection process. To maintain our quality of membership, our selection process adheres to very strict criteria which enable us to guarantee a very high standard of service delivery.
The journey to becoming a member is as follows:
We welcome membership enquiries from professional firms with a real interest in developing international business opportunities for their clients.
DFK International welcomes membership enquiries from professional firms that have a real interest in developing international business opportunities for clients.
As DFK is an international organisation we know that air travel is part of our business. We do believe that we can help offset our carbon footprint. To do this we ensure that each time a member of staff takes part in travel for DFK we offset our carbon footprint. We also encourage our members to follow this practice when they travel to our conferences.
DFK International has been an active supporter of Movember. Each year firms from around the world join together to spread the word about men's health through Movember activities and fund raising.
The DFK International Women in Leadership Committee have pledged to support a chartiable organisation each year with fundraising activities on International Women's Day. The intent of this is to select a charity within the region we hold our International Conference to raise awareness and support throughout our membership.
Partner of DFK Member Firm M P Chitale, Ashutosh Pednekar, knows first hand how valuable social responsibilites are.
He is the Chair of the Board of Directors. As an accountant, he is responsible for the financial, accounting, audit, controls and taxation functions. Ashutosh also leads the St. Jude Team for Information Technology.
"My involvement with St. Jude has helped me empathise with the needs of these children and their families. It has helped me grow as an individual and look beyond the profession of accountancy. My firm, M P Chitale & Co is greatly supportive of this involvement of almost 15 years by now. Since taking over as the chair, I spend around 15% of professional time at St. Jude. That is an immense CSR contribution of our firm." - Ashutosh Pednekar, M P Chitale, India
Find out more about St. Judes here
DFK International is committed to high ethical standards. Our policies on anti-money laundering, sanctions, and anti-bribery and corruption aim to ensure that risks identified by the association are appropriately mitigated.
Anti-Money Laundering Policy Statement
DFK international and its members are committed to implementing global standards shaped by the most effective anti-money laundering standards available in any location where DFK and its memebrs operates.
DFK has established a Global Anti-Money Laundering Policy for this purpose. The objective of the AML Policy is to ensure that money laundering risks identified by DFK are appropriately mitigated. This is achieved by establishing Board-approved, minimum governing policies, principles, and standards and implementing appropriate controls, to protect DFK, its employees and members from money laundering. The AML Policy provides guidance to all DFK employees, requiring them to conduct business in accordance with applicable AML laws, rules, and regulations.
The AML Policy is based upon various laws, regulations and regulatory guidance from the United Kingdom and, as applicable, local jurisdictions in which DFK does business.
The Programme includes but is not limited to:
Mandated regular independent testing and regular AML training of its employees and contractors
DFK International (DFK) is committed to complying with the sanctions laws and regulations of the European Union, the United Kingdom, the United Nations, and the United States, as well as other applicable sanctions laws and regulations in the jurisdictions in which DFK operates, subject to the primacy of local laws and regulations.
DFK’s Global Sanctions Policy defines the minimum standards which all DFK members must comply with, including:
DFK may agree to process certain transactions, in its sole discretion, such as those which relate to humanitarian aid or which are otherwise permitted by a licence from an appropriate authority. These transactions will be considered on a case-by-case basis and must be submitted in advance to DFK for consideration and approval.
DFK may, in its sole discretion, also decide not to process transactions, provide products or services or otherwise facilitate transactions even where permitted by applicable sanctions laws and regulations where these activities fall outside of DFK’s risk appetite.
1 The term “Government of Venezuela” means The state and Government of Venezuela, any political subdivision, agency, or instrumentality thereof, including the Central Bank of Venezuela and Petroleos de Venezuela, S.A. (“PdVSA”), any person owned or controlled, directly or indirectly, by the foregoing, and any person who has acted or purported to act directly or indirectly for or on behalf of, any of the foregoing, including as a member of the Maduro regime.
2 The term “Russian sovereign” means any ministry, agency, or sovereign fund of the Russian Federation, including the Central Bank of Russia, the National Wealth Fund, and the Ministry of Finance of the Russian Federation.
DFK Internation Anti-Bribery Policy Statement.
DFK international (DFK) and its memebrs are committed to high standards of ethical behaviour and have zero tolerance towards bribery and corruption. DFK requires compliance with all anti-bribery and corruption laws in all markets and jurisdictions in which it operates. These laws include the UK Bribery Act, the US Foreign Corrupt Practices Act and other similar laws and regulations in the countries where we operate.
DFK’s Anti-Bribery (AB) policies are overseen by the DFK Internatonal Board. The policy incorporates the results of regular risk assessments and emphasises that books and records must be fair, accurate, and kept in reasonable detail. DFK requires all employees, including the Board of Directors and Associated Persons, to comply with the principles in the policy in the performance of their services for or on behalf of DFK.
DFK’s Global AB Policy includes the following statement of overarching key principles:
Furthermore, it is unethical, illegal, and contrary to DFK principles and good corporate governance to bribe or corrupt others, including to:
in order to improperly obtain or retain business or otherwise gain an unfair advantage in business.
Based on the principles above, the AB Programme imposes requirements under four risk pillars:
Employee Risk: All DFK entities and individuals are required by policy to have appropriate controls in place to manage risks and maintain records when offering or accepting gifts, entertainment, sponsorships, travel & accommodation or other advantage or when engaging in charitable giving, political expenditure or recruitment.
In connection with recruitment, it must be merit-based, fair, and in keeping with the stringent hiring standards applied by DFK. Hiring, in paid or unpaid, temporary or permanent roles, must not be used to improperly influence third parties or to improperly obtain or retain business or an advantage in business.
Third Party Risk: All DFK entities and individuals are required by Policy to ensure that appropriate due diligence and controls are applied to any third party they engage, to ensure that they comply with the letter and spirit of applicable anti-bribery legislation and regulation. When a third party performs services for or on behalf of DFK, additional controls are applied to manage the enhanced risks from Associated Persons.
Strategic Risk: All DFK entities and individuals are required by Policy to apply controls in order to protect against bribery and corruption risks, in areas such as strategic proprietary investments, acquisitions, disposals, joint ventures and the development of products & services.
Member Risk: All DFK entities and individuals are required by Policy to ensure that Bribery & Corruption risks identified from member behaviour or the provision of products and services to member are effectively managed through the application of controls.
As part of the prevention, identification and remediation of AB issues, mandatory training is conducted throughout DFK, in addition to targeted training tailored to the roles of the individuals.
DFK carries out regular, risk assessments of its AB programme.
DFK also maintains clear whistleblowing policies and processes, to ensure that individuals can confidentially report concerns, with no fear of retribution, confident that they will be investigated and remediated appropriately.