Financial Crime World

Switzerland’s Financial Crime Prevention: A Key Concern for Emerging Markets

As Switzerland continues to emerge as a financial hub, the country’s regulatory authorities are increasing their scrutiny of financial institutions’ anti-money laundering (AML) and know-your-customer (KYC) practices. In response, Deloitte has launched a specialized team dedicated to helping clients combat financial crime in emerging markets.

Deloitte’s Financial Crime Advisory Team

The team is led by experienced professionals with a deep understanding of local business cultures and regulatory issues. They combine regulatory expertise with advanced data analytics techniques to provide innovative solutions to clients’ financial crime problems.

Key Challenges

  • The rise of global regulatory scrutiny has created a need for specialist knowledge and expertise to respond to investigation requests on various financial crimes, including:
    • Money laundering
    • Sanctions
    • Bribery and corruption
    • Fraud
    • Cross-border taxation
    • Competition and pricing regulations
  • Financial institutions face significant challenges in maintaining an effective operational culture within their first and second lines of defense.

Deloitte’s Solution

Deloitte’s network provides highly experienced professionals for an immediate global response to regulatory challenges in nearly all jurisdictions. The firm’s proven methodologies for review, remediation, and investigation can help clients determine impact and exposure for any financial crime event.

  • Secure data centers in Switzerland for hosting sensitive data related to investigations or projects
    • ISO 27001 certified
    • High perimeter fencing
    • CCTV monitoring
    • Alarms
    • Advanced security measures

Methodology-Driven Approach

Deloitte’s Financial Crime Advisory team uses a methodology-driven and technology-supported approach to deliver successful outcomes for clients. The firm’s investigation framework provides a proven end-to-end delivery platform for responding to a wide range of financial crime matters.

Case Study: Major Reclassification and Repapering Exercise

The firm has already helped several clients navigate complex financial crime issues, including a major reclassification and repapering exercise for a client in the shipping industry. Deloitte established remediation teams in Switzerland, the Bahamas, and Singapore to prioritize efforts and carry out gap analysis and transaction reviews.

Contact Us

For more information on how Deloitte can help your organization prevent financial crime in emerging markets, please contact one of our experts:

  • Sven Probst, Lead Partner for Forensic in Switzerland
  • Nic Carrington, Partner in Deloitte’s Financial Advisory practice in Switzerland
  • Philipp Lüttmann, Partner in Forensic and Financial Advisory and head of the Swiss Sports Business Group
  • Uday Mehta, Partner leading the Financial Crime and Forensic Analytics team within the Forensic group in Zurich, Switzerland