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Partner, Forensic Services, Anti-Financial Crime Leader at PwC Germany
Tel: +49 160 96941067
Financial crime is a cause of growing concern among financial services companies, regardless of whether their operations are limited to Germany or are international in scope. There is a wide range of offenses that fall under the heading of financial crime. Serious criminal acts range from fraud, money laundering and the financing of terrorism through to corruption and market abuse as well as cybercrime and violations of national and international sanctions. The experts at PwC provide support to insurers, banks and other companies from the financial services sector in defending themselves against financial crime and responding rapidly to attacks. Financial services companies are obligated to ensure that corruption, money laundering and other such offenses are detected rapidly – and this task has been high on their agendas for quite some time.
Such offenses have far-reaching consequences that go far beyond the company's financial losses. The reputation of the company is also at stake, as are its business relationships with clients and partners as well as the level of motivation among its employees. Last but not least, there is the risk of findings being made by the competent supervisory authorities.
We develop a holistic strategy for your company to prevent financial crime.
If a concrete suspicion arises, we assist you in collecting and analysing large volumes of data as quickly as possible, as well as in stakeholder management.
In order to identify weaknesses and areas that are particularly vulnerable, we help you to assess your risks and existing control mechanisms.
Only if your company is well prepared can you ensure compliance with the relevant requirements and determine where there are needs for optimisation.
Complex and constantly evolving anti-money laundering requirements place a significant regulatory and financial burden on financial institutions. We help you to meet these challenges with new strategies and an adaptive operating model. Learn more about our Anti-Financial Crime Managed Services here.
We develop a holistic strategy for your company to combat financial crime, e.g. in the area of money laundering and fraud prevention or compliance with financial sanctions. This includes the review and optimisation of governance systems, strategies, processes, procedures, controls and innovative technological solutions. Furthermore, we help you to analyse and assess your risks and controls in order to identify weaknesses and areas that are particularly vulnerable.
If a concrete suspicion arises – e.g. relating to market abuse, a violation of the German Money Laundering Act (Geldwäschegesetz – GwG), the financing of terrorism, non-adherence to sanction requirements or antitrust regulations – we investigate the facts. In the event of potential violations, we assist you in collecting and analysing the relevant data, in fulfilling the requirements of your stakeholders and the regulatory authorities as well as in ensuring that information is communicated in the appropriate manner.
We assist you in defining and implementing targeted measures for the further improvement of your compliance management system. This includes developing structures, processes and control mechanisms in order to protect your company from potential crimes as effectively as possible. To this end, we can draw on our many years of experience in developing and expanding holistic compliance organisations while also applying the market's most up-to-date best practices. By using our innovative technological solutions, we assist you in analysing and assessing your data. Therefore, we support you in using existing information in a targeted manner in order to prevent potential violations in the future or to identify them at an early stage.
Our global team supports you with in-depth knowledge of all aspects of anti-financial crime. Our offerings bring together a wide range of services so that we can provide you with a holistic and comprehensive assistance in dealing with your processes. We use proven, technology-based solutions in order to increase efficiency and effectiveness. These include, for example, robotic process automation and artificial intelligence. The experience and trustworthiness that we have developed through our direct collaboration with regulatory authorities also contributes towards the success of our projects.
"Our team has wide-ranging experience to offer when it comes to combating financial crime. This makes it easier for you to identify and solve potential problems quickly. We use our expertise to support you in developing and implementing business processes that fulfill the various requirements of your stakeholders."
Partner, Forensic Services, Anti-Financial Crime Leader, PwC Germany
Tel: +49 160 96941067