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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
Four regulatory priorities to drive financial institutions' focus in 2025
Our Global Financial Services Regulatory Outlook has four regulatory priorities to drive financial institutions' focus in 2025. Download the report.
13 Jan 2025
Christopher Woolard CBE
EU Instant Payments Regulation: Five key hurdles for banks to clear
Instant payments in the EU face challenges. Compliance by 2025 requires banks to upgrade systems for 24/7 availability. Learn more.
06 Jan 2025
Clément Robert
What banks need to know to prepare for the impacts of the FiDA regulation
Discover how the FiDA regulation framework will impact EU banks, drive open finance and open banking, and require strategies for compliance and growth.
12 Dec 2024
Christopher Schmitz
How EU Anti-Money Laundering laws can help spur strategic innovation
Learn how financial services firms can harness the new AML rules to shape the future of fighting financial crime and gain a competitive edge.
12 Nov 2024
Manuel Delgado
How European banks compare on readiness for EU payments regulations
Facing EU financial regulation changes for PSR, PSD3 and FIDA, banks must enhance data sharing, compliance, and adopt faster payment methods. Learn more.
04 Jun 2024
Susan Barton
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
Andrew Lim
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
How new regulation 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
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
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
How EY can help
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Our services help in identifying suspicious financial activity and improving the efficiency of your AML processes.
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The EY Regulatory Compliance Manager can help you digitally manage compliance efficiently and effectively within a shifting regulatory landscape. Learn more.
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Our market abuse surveillance team can help build your capabilities to detect, monitor and report suspicious transaction activities. Learn more.
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Our skilled teams, operational efficiencies enabled by innovative technology and flexible global delivery service centers can help you manage financial crime risk in a cost-effective, sustainable way.
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Our Trade Risk Analytics Compliance Kit (TRACK) offers next-generation transaction monitoring to address the unique, complex risks in international trade finance.
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Odyssey-integrated trader surveillance offers next-generation analytics to help banks manage the risk of market abuse and trader misconduct.
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Technology-led offerings providing increased effectiveness and efficiency for financial institutions.
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