Building Transparent Businesses is a network of Cyber & Forensic professionals, a community of experts and organisations coming together to learn, share knowledge and help build trust and transparency within the business community.
The network will give you access to experts in the field, the latest PwC thought leadership, skill building and networking events. The program will focus on preventing, detecting and investigating the risks of fraud and financial crime in a unique, differentiated way to reduce their impact on your business and the business community.
In March, PwC welcomed clients in Sydney and Melbourne to the launch of its Building Transparent Businesses Network. Following an initial session with a debate and questions regarding the key fraud and financial crime issues in our business community, we were joined by expert speakers from the AFP, AUSTRAC and the ATO in a financial crime focused spotlight session.
Our expert speakers were kind enough to share some of their insights with PwC's Sydney Financial Crime Partner, Peter Forwood following the event. In this short video, discussion focused on collaboration and the specific role that agencies and industry have in tackling financial crime. Peter also asks the question ‘'What are the red flags to watch out for when it comes to financial crime?''
Play Investigate and you will experience a realistic simulation of a regulatory crisis. You will experience how an investigation unfolds in a time pressured environment, the decisions that need to be made along the way, and the sources of evidence at your disposal as you build your understanding of the case.
You will search e-mails, interview suspects, analyse data and make real time decisions to compile evidence and identify the suspects. When you submit your report you'll find out just how well your team performed!
Organisations have a wealth of data at their disposal. Leveraged properly, that data can help predict financial crime incidents such as money laundering and bribery and corruption. Organisations must first understand where they reside on a data analytics maturity scale.
Cyber threat actors - be they criminals, hacktivists or nation states - are strengthening their destructive capability. They have developed that capability by collaborating with one another and benefit from their collective experience and skill.
There has never been a more important time for Australian organisations subject to existing anti-money laundering and counter terrorism financing (AML/CTF) regulations to undertake an independent review of their AML/CTF programs.
“Fraud and Financial crime are old news and people haven’t changed. What does change is the ways in which people commit fraud and the regulatory environment around which businesses are required to manage financial crime risk. Coming together via our new Network to learn from each other and share insights is crucial to combatting financial crime and reducing its impact on the business community going forward.”
Take a fresh look at your organisation's ML/TF risk assessments and what systems, processes and controls are in place to mitigate the risks identified on a day to day basis.
The Global Economic Crime Survey has been conducted every two years since 1999. It is one of the largest and most comprehensive surveys of its kind. It provides valuable insight and practical ideas on how organisations can continue their efforts to combat fraud and other economic crimes.
What 'tranche two' means for your business
Organisations are adopting innovative cybersecurity and privacy safeguards to manage threats and achieve competitive advantages.
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