We are part of PwC’s global Financial Crime Network.
We are focused on setting the market standards in the regulatory area for Financial Institutions, especially in the area of Anti Money Laundering (AML). Our team achieves this through large scale remediation projects, building new target operating models and enabling organisations to drive cost effectiveness related to regulatory requirements.
Regulatory pressure and hefty fines imposed for deficiencies in tackling compliance obligations are leading many financial institutions (‘FIs’) to re-think their business models in order to cut compliance costs and mitigate risk.
In response to increasingly complex regulatory requirements and the need to drive operational efficiencies, financial institutions are starting to take a closer, but cautious, look at several new utilities that focus on Know Your Customer (KYC) processes.