Financial Inclusion and Crime: Ireland’s Growing Concerns
As the Irish economy continues to thrive, concerns about financial inclusion and crime are growing. With anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations becoming increasingly stringent, financial institutions must balance operational efficiency with effective risk mitigation and regulatory compliance.
Grant Thornton: A Leading Expert in Financial Crime Prevention
Grant Thornton, a leading consultancy firm, is at the forefront of addressing these challenges. The company’s experts have extensive experience in developing and improving financial crime and AML/CFT frameworks for clients across Ireland.
“We help our clients stay ahead of the changing environment by combining strong technical expertise with insight into real-world operational challenges and regulatory expectations,” says a spokesperson for Grant Thornton.
Services Offered
The firm offers a range of services aimed at preventing financial crime, including:
- Horizon Scanning: Identifying potential risks and threats in advance
- Risk Assessments: Evaluating the likelihood and impact of financial crimes
- Framework Development: Creating tailored frameworks for AML/CFT compliance
- Training: Providing education and awareness programs for employees
Independent Reviews and Remediation
Grant Thornton’s experts also conduct independent reviews for the Central Bank of Ireland and provide remediation programs to address known problems.
Expertise in Financial Crime Prevention
Grant Thornton’s expertise extends to all areas of financial crime prevention, including:
- AML/CFT: Anti-money laundering and countering the financing of terrorism
- Sanctions: Compliance with international sanctions regimes
- Bribery: Prevention of bribery and corruption
- Corruption: Detection and prevention of corrupt activities
- Fraud: Detection and prevention of fraudulent activities
- Theft: Prevention of theft and misappropriation of funds
- Misconduct: Prevention of unethical behavior
Why Choose Grant Thornton
Grant Thornton’s global network and extensive experience working with large and global financial institutions make it an ideal partner for Irish businesses looking to stay ahead of the game. With its expertise and local knowledge, the company is well-positioned to help businesses in Ireland respond proactively to financial crime threats and stay compliant with regulations.
As Ireland continues to grapple with the challenges of financial inclusion and crime, Grant Thornton is poised to play a key role in helping the country’s financial institutions navigate these complex issues.