Financial Crime and Forensics

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

We have a large, globally co-ordinated financial crime and forensics capability and have invested heavily in the power of advanced analytics to fight financial crime, so we can help you protect your business, your customers and your shareholders. We work with you to transform your control environments, and use innovative approaches to improve effectiveness and efficiency, and meet regulatory expectations.

EY Financial Crime and Forensics services

EY can help you effectively manage complex risks around money laundering, sanctions, bribery and corruption, fraud and market abuse. We work with colleagues across EY member firms to help you harness digital and cloud opportunities, and manage information security and data protection requirements.

EY brings together business and technology innovation in flexible new offerings

  • Develop financial crime controls

    We have worked with many financial institutions globally to develop financial crime systems, control frameworks and operating models which complement their overall risk management strategies. We can provide insight and cross-industry observations to help with your risk management planning, risk assessments, risk culture and governance controls design, and strategic investment.

  • Manage financial crime operations

    We use leading-edge technologies and work with third parties including FinTechs and RegTechs to provide a Financial Crime Managed Service offering, either on a remediation or BAU basis.

    We have formed alliances with a range of leading global technology firms and combine consulting and financial crime experience with their innovative technologies to create technology-enabled services which improve the effectiveness and efficiency of financial crime operations. Find out more about EY alliances.

    In addition, we conduct quality control reviews, Know Your Customer remediation, alert clearing and backlogs, and utility design.

  • Forensic investigation and response

    We have deep experience conducting forensic investigations to identify and address business critical issues. We have a broad financial services forensic investigation capability, including the ability to rapidly deploy financial crime investigators, capturing data and evidence and using data analytics to interrogate complex data sets and help build an intelligent picture of the matter. We have experience in performing transaction reviews, asset tracing, whistle-blower investigations and other special purpose investigations when financial crime, fraud or other misconduct is suspected. Following an incident, we also work with you to comply with data requests from regulators and other authorities, identify root causes, and improve fraud and financial crime compliance frameworks. Our team is also capable of managing and resolving remediation programmes, litigation and commercial disputes using innovative tools and accelerators.

  • Manage regulatory change

    We are helping financial services firms carefully adapt to new regulatory requirements (e.g. new UK and international anti-money laundering legislation), navigate challenging regulatory scrutiny, and show regulators the effectiveness of their systems and controls. We can provide independent oversight support if you are experiencing regulator intervention, benchmarking, maturity assessments, and assurance reviews.

  • Financial crime due diligence

    Financial crime risks can affect a firm’s profitability, sustainability and reputation, so it is important to understand how a potential target firm has reduced the risk of regulatory and other reputational risks arising post-acquisition. We work with financial services firms to perform financial crime due diligence when a merger or acquisition is being considered.

  • Market Abuse

    EY teams help financial services firms respond to the changing regulatory landscape and adapt to increasing expectations from regulators. Our teams provide regulatory and industry insights on the convergence agenda including surveillance technology, operating models, process optimisation, risk assessment, governance controls design, risk culture and strategic investment. Find out more here.

EY combines the smart use of technology and industry collaboration to drive innovation. We collaborate with financial institutions, technology providers, regulators, data providers and other industry bodies. We are proud to support a range of leading-edge cross-industry research and initiatives such as the RUSI Financial Crime 2.0 research programme, the Future of Financial Intelligence Sharing, and to have hosted the first international AML TechSprint which involved over 260 participants from 105 firms spanning 16 countries and a host of international regulators.

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