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procedures to compliance and front-
end staff.
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
industry is under increased scrutiny due to
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.
Visited key departments of the bank (retail, understand the AML governance structure.
Reviewed the internal processes, nature of bank- ing products, categories of customers and IT systems used.
assessed whether the current controls address the
company (NBFC) along with a limited integrity review of the target’s key borrowers and promoters.
Performed an assessment of available documen- tation for loans, on a sample basis from the total loan portfolio of the target NBFC.
Performed an integrity review of the target NBFC’s key borrowers and its promoters.
Post-acquisition, a new management team of a large regional NBFC in India observed irregularities in its these concerns, the client retained us to perform an investigation of the books of accounts for the past 10 years.
Performed data analysis, retrieved old records through forensic imaging of computer and network drives.
Conducted interviews and discussions with key management personnel, including former man- agement.
of accounting used to conceal the fraudulent manipulation.
! Provided suggestions and assisted the client in accounting systems and records.
© 2012 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
