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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
- 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:
Deloitte provides clients with a range of specialist services to help them navigate this complex, high-stakes environment.
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
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.
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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
Learn more about our Forensic Digital, Analytics & Solutions.
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.
- • Fraud risk assessment (commercial and financial industries)
- • Fraud prevention
- • Fraud investigation
Learn more about our Investigations & Crisis Support.