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.
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.
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.
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.