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Financial Crime

The framework for fighting financial crime is not keeping pace with the continual flow of illicit funds, contributing to social ills and threatening financial stability and inclusion. Approaches remain a patchwork of fragmented, inefficient and ineffective efforts designed around compliance. By taking a holistic and integrated view of financial crime risk management, we help organisations become proactive rather than reactive in detecting financial crime activity.


Our anti-money laundering ("AML"), countering the financing of terrorism ("CFT") and sanctions compliance practice has been instrumental in helping to resolve a wide variety of money laundering, terrorist financing and economic sanctions-related matters for companies in South Africa, across the rest of Africa and globally. We help firms reduce their risks related to AML, CFT and Sanctions and improve its ability to meet regulatory expectations for sound risk based programs and controls. In the Deloitte Financial Crime Service Offering, we have a number of services that form part of this offering and would be keen to engage on any other matters or concerns.
Our approach to financial crime risk management is by developing innovative solutions that proactively solve our clients’ most complex problems. Our services and solutions are divided into four distinct themes in order to address the different requirements across the organisation. These themes ensure that the specific risks of the area are adequately addressed. The themes are as follows:

Next Generation Financial Crime – financial crime is a changing landscape, to be at the forefront of change in the market in order to outsmart the criminals, Deloitte is continually experimenting to develop solutions that challenge the art of the possible. Our Next Generation Financial Crime solutions aim to achieve a return on compliance spend and provide insight into data currently owned by the organisation in order to improve efficiency in the processes. 

Transaction insights

utilising machine learning techniques, our Alerts Clearing Optimisation Engine can be used to process large volumes of alerts based on pre-defined and pre-approved rules. The optimisation engine allows alerts to be cleared more accurately and faster than a manual alert clearing process.

We have a number of other solutions that form part of our Next Generation Financial Crime solutions to support institutions in their fight against financial crime and ensuring that they remain compliant.

Governance, Oversight and Compliance –

the regulatory burden associated with financial crime has resulted in fines both locally and internationally. AML Compliance as the function who is often delegated the authority from the Board to manage the relevant risks, requires a view of the entire environment as well as ensuring that the frameworks designed, move from a regulatory “tickbox” exercise to an environment that manages risk.

We measure and document the AML and sanctions risk arising from  factors specific to each line of business and at the enterprise level, including customer base, products and services, transactions, geographies, and delivery channels. We further capture detail on scope and effectiveness of controls such as policies, procedures, and processes used to manage AML and sanctions risk. Through these activities, we can provide an assessment of inherent AML and sanctions risk levels and an assessment of the control processes in place to manage those risks.

 In today’s enforcement-minded regulatory environment, money laundering risks should be managed at the highest levels of an organisation and driven into each line of business. This means having an effective target operating model; documents that set out roles and responsibilities, reporting, and escalation processes; and other indicators of a clear program process.

We assist in designing, assessing, and transforming enterprise AML and sanctions compliance programs. We combine industry-specific knowledge with demonstrated methodologies to measure the effectiveness, efficiency, and efficacy of our clients’ AML and sanctions compliance programs. Our capabilities specific to AML and sanctions compliance include assessing governance and oversight activities, evaluating policies and procedures, testing controls, and evaluating reporting and communication activities..

End-to-end operational customer Lifecyle –

Often regulatory frameworks of policies and processes are difficult to implement in a manner that supports the customer experience. By utilising the information obtained through the required regulatory processes, business can improve the customer experience and sales output, while remaining compliant. Our services around the end-to-end operational customer lifecycle aim to drive the implementation of policies and procedures by ensuring that they remain practical.

We help organisations effectively manage risk and meet regulatory expectations by assisting across the elements of its KYC program, including policies and procedures, KYC operating models and data management, and customer due diligence and enhanced due diligence.

With the principle based implementation of risk assessment for customers, an organisation is required to develop controls that are commensurate to their risk exposure. By optimising their risk scoring methodology an organisation can develop controls that address true risks from an AML and CFT perspective

As a key component in an organisation’s lines of defence in mitigating transactional exposure risk we assist institutions in assessing current transaction monitoring rules and the process to detect, prevent, investigate and report suspicious activity. We have experience in the areas of sanctions transaction analyses, suspicious transaction reviews and lookbacks, currency transaction reviews and lookbacks, and internal investigations.

Managed Solutions –

Our experienced resources are able to support our clients in the core competencies of AML, CFT and Sanctions operations. Utilising experienced staff to supplement and support existing capacity enables organisations to meet their regulatory obligations without the high investment cost in training a set of temporary resources.

this offering provides clients an end-to-end remediation service. Our clients are able to scale up and down based on their needs. As a result, we are able to provide full programme management team with expert reviewers or provide skilled supplementary capacity to support quality assurance processes or detailed capturing of information. This service can be performed onsite or remotely utilising either Deloitte or client infrastructure.

our 8 day financial crime academy that has been recognised by global learning organisations can be customised for an organisation’s needs. Training can be provided online and face-to-face facilities. Our training aims to be practical with examples that are relevant to the organisations operations.