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The forum for tackling illicit finance

Economic crime has an immense fiscal and societal impact on our communities, exposing citizens, governments and business to ruthless criminal networks. Disrupting this threat requires a coordinated collective response.​

The global pandemic and rising geopolitical tensions have brought urgency to tackling this threat, by placing a spotlight on kleptocracy and revealing the sophistication of criminal networks exploiting the gaps within COVID-19 emergency responses.

Though the public and private sectors have invested billions towards combating these crimes, tackling financial crimes continues to be a huge and complex challenge for the system.

Shaping a collective response

The scale of illicit financial activity is vast and tackling it will require a coordinated collective response in which governments, financial institutions, and corporations work together to develop and implement effective solutions.​

Deloitte’s Illicit Finance program convenes key stakeholders from the private and public sectors to collaborate on building impactful strategies to fight financial crime. As part of this program, Deloitte have established the Forum for Tackling Illicit Finance to develop crucial insights and work with leading industry organizations, to help strengthen global resilience and disrupt the flow of illicit finance.​

Working with governments, financial institutions, and corporations, the Illicit Finance program and the Forum for Tackling Illicit Finance offer actionable insights and guidance that can enable organizations to navigate the complex nature of financial crime and take action to protect society.​

How the Forum for Tackling Illicit Finance can help

Utility Models
Transforming how intelligence is gathered and shared​

Information-sharing utilities have the ability to transform the way data and intelligence is gathered, analyzed and shared in order to tackle the threat of illicit finance and the networked criminality that sits behind it more effectively. Deloitte teams work with public and private sector stakeholders to design, pilot, and build utilities that can enable the private and/or public sectors to pool information to detect and disrupt financial crime.​

Anti-Money Laundering system reform, including Public-private partnerships​
Convening the public and private sectors to improve system outcomes and effectiveness​

With our cross-industry experience and a global footprint, Deloitte’s teams are able to bring together public and private sector stakeholders to address challenges in national Anti-Money Laundering frameworks and reform Anti-Money Laundering policy and the associated regulatory landscape to improve system outcomes and Anti-Money Laundering effectiveness. This includes finding new ways of working to increase high-value, intelligence-led activities and helping to build and run successful public-private partnerships.​

Beneficial ownership transparency​
Safeguarding the integrity of beneficial ownerships

Leveraging our depth of financial crime knowledge globally and experience in delivering complex transformation programs, Deloitte can help stakeholders create and enhance beneficial ownership registers across jurisdictions and develop the capabilities to safeguard their integrity

Asset recovery and investigative support ​
Improving the efficiency and effectiveness of government investigations

Deloitte teams are helping improve the efficiency and effectiveness of government investigations and rates of asset recovery by developing frameworks that enable the public sector to leverage specialist skills that sit within the private sector, including forensic accountancy, open-source intelligence (OSINT), data science, and advanced technologies.​

Ecosystem response to fraud ​
Improving fraud detection, prevention, and investigation

With complex criminal networks acting with increasing sophistication and speed, Deloitte teams are bringing together public and private sectors to improve the detection, prevention, investigation, and disruption of fraud, helping stakeholders to maximize the use of technology and analytics to provide better intelligence on fraud threats.

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