Providing full comfort of being always compliant with financial crime regulations through efficient operations.
Our experience with vast range of financial institutions in the CEE region and globally as well as governmental and supervisory bodies (UNODC, various FIUs, IMF, National Banks) allow us solve problems related to financial crime. Financial Crime Advisory practice has developed an ecosystem that endeavors to provide an integrated Financial Crime Risk Management set of services and products in various financial crime domains (AML and Sanctions, Fraud, ABC, Cybercrime).
Financial Crime Compliance is the classics of Financial Crime Advisory. The financial services industry continues to face significant scrutiny from global regulators over AML and Sanctions processes, systems and controls. We have created multiple service offerings which cover all main needs of financial institutions in this area.
Target Operating Models
Financial Crime Due Dilligence
AML Program Assessment
Financial Crime Technology and Analytics practice is aimed at advising the clients on the range of technology related topics appearing in the Financial Crime space. We start from vendor selection processes to providing clients with high-end PwC proprietary applications and process accelerators. Our service offering consists of the following categories:
Financial Crime Suite
Advanced analytics solution to improve performance of AML transaction monitoring system. Improved analytics results in:
Do you trust your sanctions filter?
Focusing on your specifics and determining the most suitable testing approach, we tailor our testing approach to address your needs.
Using our proprietary application we will:
Where artificial intelligence (AI) meets robotics…
On-boarding processes consist of various steps but few banks unleash the true power of modern technologies for automation, robotics and artificial intelligence, which are available and already used by other industries.
PwC’s revolutionary automated on boarding solution utilising these measures and delivers an advanced easy to use platform to support business for this crucial process.
The secret in our solution is how we tackle this problem all together. We take unstructured problems and seek to structure this problem using deep learning and artificial intelligence techniques. We then use robotics to move from structure to automation. Once we get to this point, we apply intelligence / self-learning business logic and an easy to use platform to help make informed decisions when an alert is generated.
We designed a framework which manages the whole process and addresses these challenges.
PwC Methodology and App
Our recommended approach to fraud and corruption risk assessments involves focusing on how perpetrators can potentially leverage or exploit vulnerabilities across a organization’s value chain. This approach allows focus on the areas that introduce greatest vulnerability and risk and allows for development of targeted treatment plan. PwC is using a proprietary application which combines the qualitative and the quantitative approach to assessing the risks and building the remediation plan: