There is increasing pressure on accountants for safe (financial) operations. They have more obligations than ever to detect and report fraud, but preferably also to prevent it. With the IBAN-Name Check, you can greatly relieve your accountant of this burden.

What exactly is the role of the accountant?

When accountants come across or even suspect fraud during the audit or review, they have to report it. But then the fraud has already taken place. Today, auditors also have increasing responsibilities in fraud prevention. They have to identify weaknesses in organisational measures.

Not easy, because when does an accountant do enough? And isn't there too much pressure on the accountant now? The an IBAN-Name Check is a proven control mechanism and can help.

This is how you help the accountant (and have a large part of fraud prevention in place quickly)

There are a number of reasons why your accountant will be very happy with the introduction of an IBAN-Name Check in your business processes.

➔ Extra monitoring of all transactions
Detecting fraud is not always easy, even for experienced accountants. Transactions can never all be checked. Samples are used to try to overcome as much as possible anyway. The advantage of using the IBAN-Name Check is that it can be done in advance for all transactions, or periodic spot checks. This way, you minimise the number of fraud cases at once.

➔ Prevent payment of phantom invoices and identify dubious debtors

The IBAN-Name Check can also be very useful in detecting bad debtors and creditors. You often spot trace invoices quickly because the ascription and account number do not match.

Even debtors who have no intention of paying often report under a false name that is the same, or almost the same, as that of another organisation that is known. If the IBAN-Name Check shows that the name and account number do not match, this can be an indication that the debtor is dubious.

In addition, the IBAN-Name Check also immediately checks whether the specified account number is business or personal. This is because fraudsters often prefer to use a private account, which is easier (with fewer checks) to open than a business one. In other words, they are trying to reduce their chance of being caught. If the check shows that a business debtor or creditor is using a private account, that can also be a signal to take a closer look.

Extra checks on all (new) employees according to the Labour Market Fraud (Bogus Schemes) Act (WAS in Dutch) 

To prevent people from being exploited and receiving at least the minimum wage, there is a law that prescribes what employers must comply with.

An important part of that law is that employers are obliged to check that an employee receives money in their own bank account. Failure to do this as an employer can result in huge fines. For this too, an integrated IBAN-Name Check immediately provides a secure solution that in turn saves the accountant extra work in checking.

How can I make my accountant happy with an IBAN- Name Check as soon as possible?

Would you like to get started with the IBAN-Name Check right away? With our SurePay portal, you can do all your IBAN-Name Checks online. You can use the PDF with matching results as evidence for your accountant. And, the first 50 checks are free.