How to make financial crime prevention pay-off?


How to make financial crime prevention pay-off?

Implementation strategies to reap the benefits of the holistic model

It is difficult to quantify the costs of financial crime-there is no doubt that it has become a significant issue for organisations and one that is more challenging by the day

Executive Summary

For over two hundred years, the world of academia has studied the relationship between economic business cycles and increases in crime.

Notwithstanding other aspects that may contribute to increases in criminal activity, the last economic recession has, undoubtedly as measured by the number of enforcement actions reported in the media, accelerated the quest to uncover criminal activity, ranging from fraud and corruption to money laundering and tax evasion.

In this respect, the recent economic crisis has been something of a turning point in the regulatory response to financial crime around the world.
The failure of light-handed regulation and risk assessment by both the private sector and regulators has significantly changed the landscape in terms of expectations and ways and means to address them. 

In this article, we discuss implementation strategies that, based on lessons learned, have enabled organisations to gain the benefits promised by the ever more prevalent consolidated approach to white-collar crime prevention.

PDF - 203kb

Inside magazine issue 7, February 2015

Inside is Deloitte’s quarterly magazine offering an exclusive insight into best practices, trends and opportunities faced by our clients across all industries.

Inside focuses on the main hot topics relevant for the market (Asset management, Banking, Insurance, Public sector, Healthcare, Private equity, Real estate, TMT, Manufacturing and consumer business, Transport and logistics).

PDF - 4.6mb
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