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Anti-money
laundering (AML) and Know your
customer (KYC) services
How can we assist?
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institutions address regulatory requirements .!-$(!+"(/"012"$%+"345"'%"(6!"7/--/8'%9"
ways:
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transactions
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potential suspect accounts and activities
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and product categories to assess risk and suggest improvements
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provided by customers to support pseudo and non-existent identities :" @./<'+!"(.$'%'%9"/%"012"$%+"345"
procedures to compliance and front-
end staff.
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sector continues to be a vulnerable target of fraud, money laundering and other unlawful activities. The economic crime is committed by both, external and internal perpetrators. Companies must be aware that conventional audit methodologies may not )!"&=7,#'!%("(/"+!(!#("7.$=+"$%+"?'&#/%+=#("
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industry is under increased scrutiny due to (6!".'&*"/7"(!../.'&(",%$%#'%9"$%+"?/%!A"
laundering. Better internal control processes will help companies minimise incidence of frauds and economise on their capital resources.
Our forensic services professionals help clients to protect their business from fraud, misconduct, and non-compliance. We help in building an anti- fraud environment that will enable clients to align with recognised best practices and regulatory requirements.
Our experience
Client Services provided
A leading MNC bank required an AML risk review of its retail bank and its global off-shore operations in India, including checking compliance with the bank’s policy, domestic and international regulatory requirements, etc.
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understand the AML governance structure.
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assessed whether the current controls address the 012".'&*&"&=7,#'!%(-AE
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company (NBFC) along with a limited integrity review of the target’s key borrowers and promoters.
:" @!.7/.?!+"$%"$&&!&&?!%("/7"$<$'-$)-!"+/#=?!%- tation for loans, on a sample basis from the total loan portfolio of the target NBFC.
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NBFC’s key borrowers and its promoters.
Post-acquisition, a new management team of a large regional NBFC in India observed irregularities in its ,%$%#'$-"$##/=%(&"$%+"&=)&'+'$.A"-!+9!.E"N/--/8'%9"
these concerns, the client retained us to perform an investigation of the books of accounts for the past 10 years.
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and forensic imaging and analysed computer and network drives.
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management personnel, including former man- agement.
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of accounting used to conceal the fraudulent manipulation.
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accounting systems and records.
© 2011 PricewaterhouseCoopers Private Limited. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Private Limited (a limited liability company in India), which is a member firm of PricewaterhouseCoopers International Limited (PwCIL), each member firm of which is a separate legal entity.
NJ 244 - October 2011 Forensic Services Docket.indd Designed by: PwC Brand and Communications, India
Contacts
Vidya Rajarao FG$?/&94$"H9%$?&1%"
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Darshan Patel !!1?9-&$"H9%$?&1%"
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Kunal R Gupta !!1?9-&$"H9%$?&1%"
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Anujeet Kudva R$.91%"S-.->$%"
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Raman Narasimhan R$.91%"S-.->$%
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