Services

Financial Crime Advisory

Deloitte's financial crime advisory practice can help you protect not only your brand and reputation but also society at large by proactively advising on your exposure to fraud, corruption, money laundering and other financial crime issues.

Protect your reputation with clear and focused attention

Using our global network of intelligence analysts and advanced analytics technology, we can quickly and efficiently gain an understanding of your risk exposure—providing you with useful and actionable advice across your business that includes the following areas:

  • Anti-money laundering/counter-terrorist financing (AML/CTF)
  • Bribery and corruption 
  • Fraud economic and trade sanctions
  • Tax prevention and detection
  • Market abuse
  • Conduct breaches
  • Cybercrime
  • Compliance program assessments and control reviews 
  • Policy and risk assessment
  • Program implementation and optimization
  • Regulatory response 
  • Regulatory strategy

Who we are

Deloitte Luxembourg is an AML/CTF Center of Excellence for Deloitte in continental Europe comprising a wide range of skilled professionals including certified accountants, certified fraud examiners, AML/CTF specialists, lawyers, business intelligence professionals and computer forensic specialists with up to 30 years of experience in the financial sector.

How we can help you

Our forensic and AML/CTF service offering follows a standard incident response timeline:

  • Detection
  • Investigation
  • Remediation
  • Prevention

Deloitte provides clients with a range of specialist services to help them navigate this complex, high-stakes environment.

AML/CTF services

Money launderers are devising increasingly creative ways to use legitimate business to launder the proceeds of crime. The fight against money laundering and terrorist financing is at the top of governments’ and regulators’ agendas.

We can help you comply with your obligations throughout the AML/CTF risk management framework, including:

  • • Money laundering/terrorist financing (ML/TF) risk assessment, e.g., review/definition of risk assessment, risk-based approach, and risk appetite
  • • Initial and on-going customer due diligence, e.g., review/definition of client risk-scoring processes, know your customer (KYC) processes, know your transaction (KYT) processes, name screening solutions, remediation, and background searches
  • • Adequate internal organization, e.g., review/definition of policies, procedures and controls; AML/CTF governance arrangements; management reporting; and training
  • • AML/CTF framework compliance review
  • • Remediation projects (such as an update of KYC remediation)
  • • AML training

Unclaimed assets

Companies, investment funds and financial institutions can be stuck with unclaimed assets due to losing contact with the beneficiary. While from a beneficiary’s perspective it is an asset, from your perspective it is a liability, and can include invoice payables, dividend distributions, bank accounts or insurance policies.

Deloitte can help identify potential points of contact and/or coordinate contact attempts with the beneficiary. If you would like to make a liability consignment request to the Deposit and Consignment Fund (“Caisse de Consignation”), following unsuccessful efforts to contact or locate the beneficiary, we can assist with the required “AML risk assessment” and issue a report as part of the consignment request.

We can assist in any step of this process, for example:

  • • Perform open-source intelligence searches to identify potential points of contact with the beneficiary.
  • • Perform an AML risk assessment and issue a report according to the requirements of the Caisse de Consignation.
  • • Compile the required documentation for the transfer of unclaimed assets to the Caisse de Consignation.
  • • Coordinate the entire process.

Download our Handling inactive client relationships flyer below:

Download our flyer

Sanctions: European Union/United Nations/Office of Foreign Assets Control/others

Organizations must be able to quickly adapt to the constant changes and regulatory updates of the sanctions framework to avoid facing serious legal risks from breaches.

Sanctions breaches have traditionally carried high and significant regulatory penalties (e.g., exclusion from United States markets) with a high level of accountability of senior management.

Deloitte can help you design, review, enhance, implement and monitor your sanction compliance program through the following services:

  • • Sanction risk assessment
  • • Regulatory advice
  • • Drafting/enhancing your sanction procedures and policy
  • • Sanctions training
  • • Selection, implementation and/or review of sanction technology solutions (e.g., sanctions name screening, SWIFT, etc.)
  • • Retrospective review of processed transactions for evidence of sanction breaches

Fraud prevention

Deloitte’s investigations practice can help you assess allegations of corporate fraud or financial mismanagement and respond to government regulatory requests around alleged financial crime practices.

Your board of directors and senior management have a corporate responsibility to take steps to deter, detect and prevent fraud.

Deloitte’s integrated approach to fraud control can help you understand your susceptibility to fraud risk, identify high-risk areas in the organization, develop a fraud control plan to address these areas of risk, monitor the ongoing effectiveness of fraud risk mitigation, and respond to actual instances of fraud.

We provide:

  • • Fraud risk assessment (commercial and financial industries)
  • • Fraud prevention
  • • Fraud investigation

Learn more about our Investigations & Crisis Support.

Visit our Forensic & Financial crime webpage.

Contacts

Michael JJ Martin

Michael JJ Martin

Partner | Forensic & Restructuring Leader

Michael is a partner within the advisory & consulting department and leads the forensic and restructuring practice. Michael has specialised in investigating and preventing money laundering and fraud. ... More

Eric Collard

Eric Collard

Partner | Forensic & AML, Restructuring

Eric is a partner within the advisory & consulting department. He is specialized in providing advice to the financial sector in the areas of risk management and compliance issues. He also acted as ind... More

Maxime Heckel

Maxime Heckel

Partner | Forensic & Financial Crime

Maxime is Partner in our Forensic & Financial Crime practice. He has been with the firm since 2006 and has more than 15 years of experience within the Financial Services Industry. Upon completion of h... More

Anne Robin

Anne Robin

Director | Forensic & Financial Crime

Anne Robin is a Director in our Forensic and Financial Crime Practice. She has been with the firm since 1998. Her professional experience focuses on statutory audit and regulatory assignments for the ... More

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