Financial Crime World

Fraud Incidents Pose Regulatory and Reputation Risks for Businesses

Recent instances of financial crime have highlighted the importance of robust transaction monitoring and investor screening approaches to protect against fraud, money laundering, and market abuse. In light of these incidents, companies must ensure they have effective processes in place to prevent and respond to such crimes.

Transaction Monitoring and Investor Screening Under Scrutiny

The health check and review of a company’s transaction monitoring and investor screening approach are crucial to preventing financial crime. Our team at PwC Luxembourg can assist with the development of compliant, yet cost-effective, processes and controls to mitigate against fraud, money laundering, and market abuse.

Key Services

  • Development of robust transaction monitoring and investor screening approaches
  • Assistance with compliance and regulatory requirements
  • Identification of potential vulnerabilities in transaction monitoring and investor screening processes

Distribution Networks Under the Spotlight

Furthermore, due diligence of distribution networks is essential to ensure that companies are not inadvertently facilitating fraudulent activities. Our team at PwC Luxembourg can help organizations assess their distribution networks and identify potential vulnerabilities.

Key Services

  • Distribution network due diligence
  • Identification of potential vulnerabilities in distribution networks
  • Development of strategies for mitigating risks associated with distribution networks

Incident Response: Crisis Management and Remediation Services

When a fraud incident occurs, it is crucial for organizations to respond quickly and effectively to minimize reputational damage and regulatory risks. Our team at PwC Luxembourg includes crisis management, investigation, and remediation services.

Key Services

  • Crisis management and stakeholder communication
  • Investigation of fraud incidents
  • Remediation services, including analysis, reconstruction, and documentation

Managing Stakeholders Key to Minimizing Reputational Risk

In the aftermath of a fraud incident, managing stakeholders is critical to minimizing reputational risk. This includes shareholders, clients, creditors, employees, and external parties such as lawyers, auditors, public prosecutors, police, regulators, and the media.

Remediation Services Critical to Recovery

Our remediation services include a full analysis of the fraud incident, complete reconstruction and documentation, and provision of evidence for compensation payments or insurance claims. Our team can also assist with litigation support, including expert witness testimony and preparation of dispute notifications.

Expertise in Forensic Investigations

Our Luxembourg-based forensic investigators have extensive experience in investigating financial crimes, including fraud, money laundering, and sanction violations. We understand the need for absolute confidentiality in our investigations and can work with companies to develop strategies for preventing fraud and economic crime.

Contact Us

For more information on PwC Luxembourg’s forensic services, please contact: