As technology continues to develop, the ways and means criminals operate is constantly being improved to benefit from their criminal activities without detection. Financial Crime is often perceived to be limited to Money Laundering and Financing of Terrorism, but in reality, the term ‘Financial Crime’ includes a wider array of other related criminal activities such as bribery and corruption, fraud etc
The rapidly increasing focus on compliance and the associated costs that come with it are substantial, and at all levels, the penalties for failure have become ever more significant. This means that the prevention and detection of Financial Crime is evolving to be one of the most critical challenges, the impact of which extends well beyond monetary losses. Reputation and brand, employee morale, business relations, as well as regulatory censure are but a few of other areas impacted by Financial Crime.
For this reason, we have a dedicated team of Financial Crime specialists working to assist in the following areas:
We are closely integrated within PwC’s global network of financial crime specialists, with over 3,000 partners and professional staff across 83 countries. We’re organised to reflect the multidisciplinary financial crime task forces established by major financial institutions and government agencies. This gives us unique insight, allowing us to offer the best solutions to even the most difficult and challenging circumstances.
Senior Manager, Tax, PwC Malta
Tel: +356 2564 2343
Tax, PwC Malta
Tel: +356 2564 2527