Poland’s Financial Crime: A Growing Concern

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Financial crime has become a significant concern for institutions and regulators in Poland, as the country’s economy continues to grow. The risk of money laundering, terrorist financing, and fraud is increasing, with many cases going undetected or unreported.

The Growing Threat

According to recent statistics, reported cases of financial crime have increased in Poland. This highlights the need for effective measures to prevent and detect financial crime, including robust compliance programs and adequate resources for law enforcement agencies.

Combating Financial Crime

PwC Financial Crime Services offers a range of solutions designed to help financial institutions navigate Poland’s complex regulatory environment. Our Managed Services are tailored to address all regulatory requirements, leveraging our industry knowledge, technology expertise, and operational experience.

Digital Managed Services

Our Digital Managed Services is an end-to-end platform dedicated to Anti-Money Laundering (AML) process management, including Know Your Customer (KYC) and Transaction Monitoring (TM). This highly automated platform is designed to support the delivery of our managed services, as well as serve as a standalone solution for financial institutions.

Consulting Services

In addition to our Managed Services, we offer consulting services to help financial institutions transform their compliance functions, design and implement cost-efficient AML operating models, and optimize processes. Our team of experts has extensive experience in Financial Crime controls and regulations, including former MLROs in financial institutions.

Capabilities

Our capabilities include:

Over 50 regulatory experts with hands-on experience in Financial Crime controls and regulations
Over 30 global and local financial institutions supported in compliance-related projects (transformations, risk modelling, health checks)
In-house developed practical methodologies based on market standards
Dedicated AML Risk Modelling tool supporting effective risk management

Operational Delivery

Our Operational Delivery team is trained and structured to easily scale up or down, aligning to changing demands and effectively running complex operational processes. Our services include:

Transaction Monitoring
Backlog/Lookback support
Suspicious Transaction Report (STR) preparation
Quality Control/Quality Assurance as a Service

Conclusion

In Poland, financial crime is a serious threat that requires effective measures to prevent and detect. At PwC Financial Crime Services, we are committed to helping financial institutions navigate this complex issue with confidence. With our expertise, technology, and operational experience, we can help you stay ahead of the game and protect your institution from financial crime.