“Financial Crimes” is a term used to describe a variety of criminal acts including money laundering; terrorism financing; bribery; corruption; sanctions violations; proliferation financing; cyber financial crime; various types of fraud (securities fraud, insider trading, market manipulation, bank fraud, insurance fraud, payments fraud, health care fraud, medical fraud, credit card fraud, cheque fraud, corporate fraud, and other types of frauds and scams); and other crimes against property.
In recent years, financial crimes have become a multi-billion dollar global phenomenon with criminal methodologies adapting and changing faster than governments, legislators, enforcement agencies and businesses can keep up. The associated risks to business and financial institutions are very real and can lead to regulatory fines, reputational damage, loss of customer base and even imprisonment.
Structured to reflect the increasingly complex, cyber-enabled, and multi-disciplinary nature of financial crimes, Financial Crimes Consulting Group has assembled a global team of professionals with backgrounds in cybersecurity, anti-money laundering, sanctions, counter-bribery/corruption, fraud prevention and examination, audit, regulatory compliance as well as advanced analytics and machine learning. Financial Crimes Consulting Group advises global governments, financial regulators, law enforcement and institutions across the banking, capital markets, asset management, and insurance industries on financial crimes investigation; financial crimes prevention cost reduction and productivity improvements; and enhanced regulatory compliance.
Services include financial crimes and regulatory compliance interim management; financial crimes strategy consulting; independent audits; development and implementation of financial crimes policies, procedures, guidelines; risk assessments; regulatory compliance advisory; selection and implementation of advanced analytics financial and cyber crime solutions; training; and investigations.