Disrupting financial crime

As financial crime reaches new levels of sophistication, firms are seeking a balance between efficiency and effectiveness to manage risk.

In a complex, ever-changing world, financial crime risks proliferate as one of the largest systemic risks to the global economy, often yielding devastating impacts on businesses and communities.

Financial crime is an enormous problem with unsustainable costs. It is estimated the annual cost of money laundering and associated crimes ranges from US$1.4 trillion to US$3.5 trillion. As financial services organizations struggle to contain compliance costs and the threat of money laundering continues, there is an increasing need for change and innovation.

We are at the forefront of the industry’s defense strategy against financial crime by unifying the latest in technologies, experience, and methodologies to help you navigate the risks associated with it. Explore our insights below.

Featured Thinking

Our latest thinking

8 areas of change for financial services regulatory policy in 2023

The EY 2023 Global financial services regulatory outlook highlights eight areas where policies are changing within the context of increased regulation. Read more.

Christopher Woolard CBE + 2

How Cognitive Investigator is taking a bite out of financial crime

Discover how EY teams helped a global bank implement advanced technologies to improve quality and consistency as they fight financial crime.

Jake Jacobson + 2

Financial crime operations

Our skilled teams, operational efficiencies enabled by innovative technology and flexible global delivery service centers can help you manage financial crime risk in a cost-effective, sustainable way.
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TRACK

Our Trade Risk Analytics Compliance Kit (TRACK) offers next-generation transaction monitoring to address the unique, complex risks in international trade finance.
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Financial crime: odyssey

Odyssey-integrated trader surveillance offers next-generation analytics to help banks manage the risk of market abuse and trader misconduct.
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Market abuse surveillance

Our market abuse surveillance team can help build your capabilities to detect, monitor and report suspicious transaction activities. Learn more.
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Financial crime management

Technology-led offerings providing increased effectiveness and efficiency for financial institutions.
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EY Regulatory Compliance Manager

The EY Regulatory Compliance Manager can help you digitally manage compliance efficiently and effectively within a shifting regulatory landscape.
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AML monitoring and investigations

Our services help in identifying suspicious financial activity and improving the efficiency of your AML processes.
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The team

Ron Giammarco

EY Americas Consulting Financial Services Leader

Dedicated to bringing innovative solutions to complex operational and technology business challenges. Married father. Avid sportsman.

New York, NY, United States

Steven Beattie

EY Global Financial Crime Operations and Consulting Leader

Industry leader in financial crime solutions and interventions. Entrepreneurial and innovative solution maker. Father, volunteer and airplane pilot.

New York, NY, United States

Patrick Craig

EY UK Financial Services Technology Risk Leader

Risk technologist. Reimagining how banks use data and AI. Advocate for better financial crime controls. Curious mind, family man and lifelong learner.

London, United Kingdom

Jake Jacobson

Principal, Consulting, Ernst & Young LLP

Passionate about helping organizations navigate change. Married. Doting dad of daughters. Gopher fan. Avid golfer.

Minneapolis, MN, United States

Nic Bastable

EY Global Financial Crime Managed Services Leader

Thought leader in Anti Money Laundering. Passionate about developing the next generation of business leaders. Focused on family.

London, United Kingdom

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