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.


Our latest thinking

How financial firms can prepare for the 2024 regulatory landscape

Financial services firms will need to prioritize both event-driven and existing regulations to capitalize on untapped opportunities. Learn more.

04 Dec 2023 Jan Bellens + 4

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.

18 Jan 2023 Christopher Woolard CBE + 2

How to unlock the power of enhanced data post ISO 20022

Providers need to act quickly as the new standard offers better services for customers and the opportunity to monetize data. Read more.

31 May 2022

Why banks should transform trade finance controls

By digitizing trade finance controls, banks can better address money laundering and help SMEs seize exciting business opportunities. Read more.

11 Jan 2022 Patrick Craig + 1

How new rules on financial crime will impact the EU AML regime

A new ambitious package overhauls the current EU AML regime, introducing significant change for EU-based firms. Read on to understand the impacts.

08 Sep 2021 Bram van Sunder

How technology fights FinCrime while enhancing regulatory compliance

EY enabled a large global bank to lead the fight against FinCrime in a way that also helped it improve efficiency and increase compliance. Find out more.

04 May 2021 Patrick Craig + 1

Why human-centered thinking proved transformative for a global bank

EY’s human-centered approach helped improve customer experience while ensuring multi-market regulatory compliance.

05 May 2021 Peter Neufeld + 1

How can you disrupt today’s financial crimes with yesterday’s technology?

Technology can change how we combat financial crime, but on its own isn’t a solution — we need to collaborate to prosper.

26 Feb 2021 EY Global

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.

15 May 2019 Jake Jacobson + 2


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