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Tackling financial crime

It's time to act. Differently.

Every year, public and private firms spend millions trying to counter the growing threat of financial crime. But criminals’ methods are becoming ever more sophisticated, and it’s a growing problem. The UN estimates that criminals launder between two and five per cent of global GDP – that’s between €715 billion and €1.87 trillion each year.

So, it’s vital for firms to continue investing in fighting all areas of financial crime, from money laundering, terrorist financing and fraud, to market abuse and tax evasion. Those that create the systems and processes to minimise financial crime, and find ingenious ways to tackle it, stand to gain huge reputational benefits, decrease costs and avoid severe regulatory fines.

it's time to take a new approach

In our increasingly digital world, financial crime is a growing problem with mounting social and economic consequences:

1

only 1% of the proceeds of crime are seized across Europe

2.7

organised crime generates the equivalent of 2.7% of global GDP

62.5

since 2011, the amount of money laundered through mainstream financial systems has increased by 62.5%

our uk report:

Download report 

our nordic report:

Download report 

Our approach

A glimpse into our work and expertise in financial crime.
A glimpse into our work and expertise in financial crime.

 

HOW WE CAN HELP

  • From automated Customer Due Diligence (CDD) mechanisms to blockchain-based transaction monitoring systems, we harness best in breed technology and operational techniques to enable firms to meet the growing challenge of increasing regulatory expectations, rising sophisticated criminal activity and internal organisational barriers. 

  • Trends indicate a growing need to harness public and private organisations’ combined knowledge and expertise. Through our work for regulators, law enforcement and security services, we have an unrivalled understanding of the domestic and international regulatory agenda and full financial crime ecosystem.

  • Having managed more than 500+ assignments in the financial crime space, we have unrivalled insight into what works for each sector of the ecosystem, from financial services and the public sector, to gaming and hospitality.

  • We perform reviews for regulators across Europe and are proud to be on the UK FCA’s list of approved skilled persons for financial crime, having completed several Section 166 reviews in recent years. Our clients trust us to provide fair, tangible, and practical advice on what challenges are being faced and what regulators expect.

  • Fraud has a huge impact on all parts of society and has grown to be the most pervasive crime committed globally. We help organisations think and work differently to tackle the fraud challenges facing society by focussing on the full counter-fraud lifecycle – including building innovative solutions to recoveries and education.

Related insights

Contact us

To find out more, get in touch with one of our experts:

Richard Grint

PA financial crime expert