Deloitte Brings Expertise in Forensic Accounting to Combat Financial Crime in Philippines
In a move aimed at helping businesses and organizations in the Philippines protect themselves from financial crime, Deloitte has announced its presence in the country’s forensic accounting landscape. The global professional services firm is leveraging its expertise in forensic accounting to help clients navigate the complex world of money laundering, terrorist financing, and other financial crimes.
Comprehensive Forensic Accounting Services
Deloitte’s forensic accounting services are designed to provide companies with a comprehensive understanding of their risk exposure to financial crime. The company offers the following services:
- Customer Onboarding and Periodic Reviews: A thorough review of customer onboarding processes to ensure compliance with anti-money laundering regulations.
- Financial Crime Processes Outsourcing and Operation Services: Outsourced services to manage financial crime prevention processes, including due diligence, risk assessment, and monitoring.
- Development of Policies and Procedures: Customized policies and procedures designed to prevent financial crimes.
- Independent Compliance Program Assessments: Independent assessments of clients’ compliance programs to identify areas for improvement.
Fraud and Investigation Services
In addition to its forensic accounting services, Deloitte is also offering fraud and investigation services to clients in the Philippines. These services include:
- Fraud, Accounting, Corruption, and Misconduct Investigations: Thorough investigations into suspected fraudulent activities.
- Regulatory Enforcement and Other Investigations Support and Remediation: Assistance with regulatory enforcement actions and other investigative processes.
- Fraud and Anti-Bribery and Corruption Gap and Risk Assessments: Identification of potential fraud and corruption risks in clients’ operations.
Discovery and Computer Forensic Services
Deloitte is also utilizing its expertise in discovery and computer forensic to help clients navigate the complex world of eDiscovery. The company’s services include:
- Advisory and Litigation Support: Expert advice on electronic discovery and litigation support.
- Collection, Processing, and Hosting: Collection, processing, and hosting of digital evidence for investigation purposes.
Data Analytics Capabilities
Furthermore, Deloitte is leveraging its data analytics capabilities to help clients quickly and efficiently address the broad spectrum of challenges they may face. The company’s services include:
- Advanced and Predictive Analytics: Advanced statistical analysis to identify patterns and trends.
- Data Visualization: Interactive visualizations to present complex data insights.
Disputes and Litigation Support Services
Deloitte’s disputes and litigation support services are designed to provide organizations with objective, robust, and independent insight and advice in judicial and alternative dispute resolution forums around the globe. The company’s services include:
- Expert Witness: Independent expert testimony in court proceedings.
- Dispute Advisory/Litigation Support: Expert advice on dispute resolution strategies.
Commitment to Helping Clients
The company has emphasized its commitment to helping clients navigate the complex world of financial crime and ensuring that they are better equipped to protect their assets and reputation. With Deloitte’s expertise in forensic accounting, businesses and organizations in the Philippines can now take a proactive approach to protecting themselves from financial crime.