Financial Crime World

Waging the War Against Financial Crime: A Glimpse into India’s Banking Compliance Landscape

Deloitte India: Strategic Approach to Mitigating Financial Crime Threats

In the face of escalating financial crimes, India’s banking sector is under immense pressure to prevent, detect, and respond. Deloitte India offers a strategic approach to financial risk management and regulatory adherence to help businesses navigate this complex landscape.

India’s Financial Crimes Challenge: Money Laundering and Terrorist Financing

  • India ranks 5th most affected country in money laundering with approximately $8 billion laundered in 2018 [Source: Deloitte study]
  • Reputation damage and potential legal repercussions are high stakes

Combating Financial Crimes: Deloitte India’s Services

Deloitte India provides holistic solutions for financial risk management, operational risk management, and compliance. Their offerings include:

  • Transaction Monitoring Systems
  • Financial Crime Risk Assessments
  • Ongoing Compliance Support

Managing Financial Crime Risks with Advanced Technologies and Data Analytics

Deloitte India empowers organizations with advanced technologies and data analytics to:

  • Effectively manage financial crime risks
  • Stay ahead of evolving threats
  • Maintain regulatory compliance

Tailored Solutions Based on Industry Knowledge and Regulatory Understanding

Deloitte India’s team of experts brings deep industry knowledge and a nuanced understanding of India’s regulatory framework. This enables them to offer:

  • Tailored solutions for risk mitigation
  • Cost-efficient compliance

Global Regulatory Scrutiny’s Impact: Stricter Measures to Combat Financial Crimes

Regulators, such as the Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI), are implementing stricter measures to tackle financial crimes. Deloitte India keeps abreast of these developments, ensuring that its clients are:

  • Informed
  • Prepared for the changing regulatory landscape

Continuous Effort and Vigilance: Trusted Partner in Financial Crime Risk Management

Deloitte India remains committed to:

  1. Deep industry expertise
  2. Innovation in financial crime risk management
  3. Enabling businesses to effectively manage financial crime risks and maintain regulatory adherence