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Auditing Procedures for Financial Crimes in Poland Under Scrutiny
Poland’s financial institutions are facing significant challenges in navigating complex regulations, soaring compliance costs, and sophisticated methods used by criminals to evade controls. The economic impact of COVID-19 has accelerated the need for a profound transformation of operating models and strategies.
The Estimated Value of the Criminal Economy: Almost $6 Trillion
According to estimates, the global criminal economy is worth almost $6 trillion, with over $10 billion in AML fines imposed in 2020. This highlights the significant risks faced by financial institutions and the need for effective auditing procedures to prevent and detect financial crimes.
Our Capabilities
We have helped institutions in over 30 countries address their regulatory needs, leveraging our industry knowledge, technology expertise, and operational experience. Our Financial Crime Managed Services offer a comprehensive solution to improve, automate, and partner in the execution of anti-crime processes.
Key Features
- Industry knowledge and expertise
- Technology-enabled solutions
- Operational experience
- Comprehensive solution for improving, automating, and partnering in anti-crime processes
Our Approach
Our holistic structure combines fundamental components for successful design and deployment, including:
Components of Our Approach
- End-to-end client lifecycle support
- Delivery setup flexibility
- Operating model fit for purpose
- Process design ensuring efficiency and quality
- Proven and well-structured deployment approach
- Terms of contracting for seamless delivery
Key Benefits
Our Financial Crime Managed Services offer a range of benefits, including:
Key Benefits
- Operational transformation
- Focus on core business
- Cost reduction
- Revenue growth
- Capacity alignment with changing demands
- New regulatory challenges addressed promptly
- Service delivery improvements
- Collaboration with a partner providing the right scale and experience
- Direct access to the latest technologies
AML Managed Services Scope of Offering
Our AML Managed Services scope includes:
AML Managed Services Scope
- Know Your Customer (KYC) processes
- Transaction Monitoring alert investigation
- Client Exits
- Screening as a Service
- Know Your Vendor (KYV)/Third Party Risk Management
- Quality Check (QC)&Quality Assurance (QA) as a Service
- Subject Matter Expertise (SME) as a Service
Technology
Our Managed Services are supported by advanced technology solutions, integrated into one highly automated platform, built on the foundation of practical operational and regulatory experience. Digital Managed Services is a modular technology, accelerating management and delivery of operational processes, integrating AI-driven automations that can be selected depending on business needs.