Financial Crime is an increasing concern for all financial institutions, which is developing together rapidly and equally together with technology. Financial crime affect largest global organisations but also the smallest companies and partnerships. Preventing and detecting Financial Crime is rapidly evolving to be one of their biggest challenges, the impact of which extends well beyond monetary losses to reputation and brand, employee morale, business relations, as well as regulatory censure.
Closely connected to cybercrime, financial crimes are often committed via the Internet and have a major impact on the international banking and financial sectors - both official and alternative.
PwC provide innovative and advanced solutions for responding to Financial Crime incidents, remediating past deficiencies, developing enhanced operating models, and optimising transaction monitoring systems. PwC using effective systems and controls that help us to prevent and deter financial crime.
We have a dedicated team of Luxembourg Financial Crime specialists working to combat financial crime in areas such as:
Our local team includes forensic investigators, tax fraud specialists, forensic and investigative analytics specialists, AML/CTF experts, OFAC/EU Sanction specialists, KYC remediation specialists, regulatory experts and internal controls specialists.
We are closely integrated into PwC’s global network of financial crime specialists, with over 3,000 partners and professional staff across 83 countries working to combat financial crime. We’re organized to reflect the multidisciplinary financial crime task forces established by major financial institutions and government agencies, with market leading specialists in cybersecurity, anti-money laundering, sanctions, fraud and anti-bribery/anti-corruption.
We work with you to provide innovative and advanced solutions for responding to Financial Crime incidents by:
Immediate action after the discovery of an incident, compliance breach or leak can be critical, especially when unprepared decisions can determine success or failure of damage control and incident management. The rapid response team of Forensic Services of PwC Luxembourg can rapidly provide local access to incident containment, investigation experience and crisis management expertise and can mobilise global teams where required:
Cyber crimes, money laundering, robbery, selling of controlled substances, and abuses of economic aid are all examples of economic crimes. New criminal trends have recently emerged in different business sectors and industries. We interviewed Robert Mazur, the former US federal agent who went undercover deep into Pablo Escobar's Medellín Cartel and Michael Weis, Forensic Services and Financial Crime Leader, to understand how significant these threats have turned.
Financial institutions are concerned about cyber crimes, but don’t know how best to tackle the problem. In PwC’s 2018 Global State of Information...
In this publication, we provide data and analysis of Luxembourgish respondents to help you assess the risks to which your business is exposed relative to the global context.
PwC’s 2018 Global Economic Crime and Fraud Survey finds that 49% of global organisations say they’ve experienced economic crime in the past two years. But what about the other 51%?
Financial Crime is an increasing concern for all financial institutions, from the largest global organisations to the smallest companies and partnerships.
Economic crime remains one of the greatest threats for businesses worldwide as it drains earnings. It exposes both companies and their senior management to criminal and civil liability. And worst of all, it can significantly damage companies’ most valuable assets - their reputation and their brand value as demonstrated by recent scandals