Financial crime risk management: KYC and AML compliance

We all have a role to play to mitigate financial crimes

Preventing and detecting financial crime has become an expensive operational burden for many companies. The struggle to keep pace with evolving regulatory requirements and new risk vectors while attracting and retaining specialized employees is leading to runaway compliance costs, delays in client onboarding and friction in customer experiences.

For many companies, legacy operating models are no longer a cost-effective way of managing financial crime risks with confidence. Organizations need a fresh approach that combines new technologies with the right talent to properly manage complex financial crime regulations, economic sanctions and fraud threats.

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Our managed services approach

PwC Canada’s financial crime managed services solutions aren’t traditional outsourcing or staff augmentation arrangements. Instead, our managed services model is sharply focused on delivering the sustained business outcomes that matter most to your company.

We help you gain a strategic advantage by accelerating your ambitions and closing your capabilities gap. Our end-to-end solutions transform complex functions by continuously improving your operations, processes and digital solutions. We do this by forming multidisciplinary teams of industry and financial crime specialists, supported by technology backed by our ecosystem of Alliances.

Through ongoing investments in our people and technology capabilities across our global network, we provide the latest thinking, leading practices and solutions to financial crime. And we collaborate with you to deliver outcomes together—starting with shared goals and working closely to adapt to changes in your business, evolving risks and regulations, and technological disruption.

Financial crime managed services: Scope of offerings

  • Know your customer (KYC) compliance processes: onboarding, regular reviews and event-driven reviews

  • Transaction monitoring alert adjudication and case investigation

  • Client exits

  • Screening as a Service (negative news, PEP, sanctions)

  • Know your vendor (KYV) and third-party risk management

  • Quality Check and Quality Assurance as a Service

  • Adjudication, investigation and remediation

  • Global intelligence and Subject Matter Expertise (SME) as a Service
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Contact us

Michael Reystone

Michael Reystone

Partner, National Financial Crime Practice Leader, PwC Canada

Tel: +1 416 869 2349

Sam Samod

Sam Samod

Partner, Forensic Services and Financial Crime Technology, PwC Canada

Tel: +1 416 815 5137

Ivan Zasarsky

Ivan Zasarsky

Partner, Financial Crime, PwC Canada

Tel: +1 647 886 5000

Naren Kalyanaraman

Naren Kalyanaraman

Partner, Cybersecurity, Privacy and Financial Crime National Leader, PwC Canada

Tel: +1 416 815 5306

Danny Garwood

Danny Garwood

Partner, Forensic Services, PwC Canada

Tel: +1 514 205 5404

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