Introduction
Financial institutions operate in a complex regulatory environment characterised by constantly evolving and increasingly strict rules.
Compliance and AML present significant challenges that require banks to keep up with current regulations and uphold effective frameworks to manage and mitigate risks, all while controlling compliance costs.
Despite significant investments made by banks in the past years in compliance and AML, there is increasing pressure from the ECB and National Competent Authorities on banks to enhance their compliance and AML strategies for more effective risk management.
Challenges
- Constantly changing regulatory environment and emerging risks
- Increased regulatory scrutiny and consequences of compliance failure
- Transforming for improved effectiveness and cost management
- Data quality and availability issues
- Outdated legacy systems
- Shortage of skilled resources
Constantly changing regulatory environment and emerging risks
Staying ahead of constantly shifting regulatory requirements and expectations demands ongoing vigilance, flexibility, and proactive behaviour to maintain compliance.
Additionally, navigating emerging risks, particularly those tied to advancing technologies, presents a formidable challenge. Despite their potential benefits, these technologies also introduce complexities and heightened risks that organizations must continually address.
How we can help
PwC has supported numerous banks in various Compliance & AML-related projects.
As a leading consulting firm, we can work closely with your organisation to deliver high-quality outcomes across all aspects of the Compliance & AML process. We can also advise on value-adding initiatives, identify areas requiring enhancements, and support clients on ensuring compliance with regulatory requirements.
We can assist you with the following topics:
Contact us
Compliance & AML Workstream Lead, Partner, PwC France
Tel: +33 6 21 43 65 48
