deloitte beacon financial crime risk & compliance solution
TRANSCRIPT
Deloitte BeaconFinancial Crime Risk & Compliance Solution
102
Deloitte Financial Crime Platform | Section title goes here Deloitte Beacon | Introduction
We are led by a purpose: to make an impact that matters. Deloitte is a recognised global leader in helping organisations deal with a myriad business and compliance issues. Ranked #1 by Kennedy in Global Forensic and Dispute Advisory Services, our goal is to help organisations focus efforts to mitigate and address the risks associated with financial crime and strengthen compliance programmes.
Issues such as fraud, bribery and corruption, misconduct, money laundering, tax evasion, sanctions violations are all risks that have the potential to cause financial and reputational damage to organisations.
With a labyrinth of rules and regulations that constantly shift, channels and business relationships are also in constant flux.
The slightest change can have a dramatic impact. Often, the sea change causes gaps in compliance that can expose organisations to significant financial, reputation damage, and in some cases even criminal penalties.
Deloitte Beacon, our cloud-based financial crime risk and compliance solution acquires critical information to address gaps between principles and practice in an organisation’s compliance programme.
From compliance risks ratings to controls effectiveness, and other key performance indicators, Deloitte Beacon enables organisations to have an aerial view of their threats and risks while operating in a global market place.
When that is in place, we can help organisations keep on top of their compliance risks and prioritise corrective actions.
Introduction 01
Operationalise your compliance 02programme
See your gaps first 04
Deloitte Beacon: At a glance 06
Deloitte Beacon: Solution Overview 08
Contact us 10
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Deloitte Beacon | Operationalise your compliance programme Deloitte Beacon | Operationalise your compliance programme
2 3
FIN
AN
CIA
L C
RIM
E •
P
ENA
LTIE
S • F
IN
ES • R
EPUTAT IO N • R E G U L A T O R Y P R E S S U R E S • G U I D A N C E A N D STANDARDS • BEST PRACT ICE • TON
E FRO
M T
HE
TO
P
CON
TINU
OU
S MO
NITO
RIN
G
REMEDIATE & REPORT
IDEN
TIFY
DELOITTE CO
DEX
HALO
BEACON
CO
DEX
DELO
ITTE BEA
CO
N
DELOITTEDELOITTE
DEL
OIT
TE
ASSESS & ANALYSE RAISE AWARENESS
IMPLEMENT, TRAIN AND
ASSE
MBL
E
AGGREGATE & CLASSIFY
ADVISORY & EXPERTS
OUR CLIENTS
management.stakeholders and
Report findings to
and/or risks.to rectify identified gaps
Develop remediation plans changes.
respond to regulatory
Track, monitor and
risk profile.
Continuously review your
red flags.
identify financial crime
enable employees to
awareness session to
Conduct training and procedures are in place.
adequate controls and Implement roadmap and ensure
agai
nst r
isk
fact
ors.
will
be
asse
ssed
crim
e ris
k re
gist
er th
at
Cons
olid
ate
the fin
ancia
l
and
best
pra
ctic
es.
map
ped
agai
nst r
egul
atio
ns
and
proc
edur
es to
be
Cons
olid
ate
the
polic
ies
risks.
financia
l crime
manage your
understand and
assessm
ent to
Conduct a ris
k improvement.
provid
e suggestions for
policies a
nd procedures and
outlining th
e gaps in existing
Conduct a gap assessment
Operationalise your compliance programme
5
Deloitte Beacon | See your gaps firstDeloitte Beacon | See your gaps first
4
Marriage of purpose-built regulatory technology and financial crime expertise to deliver actionable insights for compliance management
Accelerate your compliance management with Deloitte Beacon
VALUE DRIVERS
Integrated, agile and seamless
Standardised, comprehensive and repeatable approach to risk and compliance management
Secure and trusted Practical and cost-effective
Deloitte works with you to understand
your business requirements.
POLICIES
PROCEDURES
CONTROLS
AUTHORISEDCLIENTS
REPORTS
1. Loaddocuments
6. Report and recommend
actions
2. Map internal policies against regulations and best practices
4. Assess control effectiveness
3. Identify controlpoints
5. Identify compliance gaps
and evaluate compliance risk
Deloitte Beacon | At a glanceDeloitte Beacon | At a glance
6 7
DELOITTEBEACON
A cloud-based solution that accelerates the performance of gap
assessments.
ROBUST AUDIT TRAILS
Enhanced visibility and oversight on
compliance performance over time with a 5 point
Compliance Risk Rating.
Greater transparency and insight of ongoing
and completed gap assessments to
respond to audits and inspections.
Multi-factor authentication and
defined security parameters based on authorised user
permissions to protect data.
Thousands of In-built controls to test the design and
effectiveness of controls needed to meet compliance
obligations.Assessments, validation and
recommendations by experts on identified compliance gaps and
effectiveness of controls.
Digital experience that
enhances project collaboration and
usability.
Structured digital workflow to
improve document collation and file
content control for a more
streamlined process.
FLEXIBLE
REPORTIN
GV
ISU
AL
DA
SHBO
ARDS
SECURE DATA
Generate and export
summarised or detailed reports
based on the selection of
data.
ANYWHERE
CASE M
ANA
GEM
ENT
TRUSTED ADVISORS
CO
NTR
OLS LIBRARY
ACCESSIBLE
Deloitte BeaconAt a glance
8
Deloitte Beacon | Solution overview Deloitte Beacon | Solution overview
9
In one solution with multiple financial crime compliance modules, you can acquire critical information such as compliance risk ratings, controls effectiveness, compliance gaps and other key performance trends to help you prioritise corrective actions and strengthen programmes over time.
Deloitte BeaconSolution overview
1110
Deloitte Beacon | Contact us
Contact UsTim PhillippsPartner, APAC Financial Crime Network Leader, SEA Forensic and Analytics Leader [email protected]
Leanne LowDirector, Malaysia Forensic [email protected]
Oo Yang PingDirector, SEA Forensic Digital LeaderMalaysia Forensic Leader [email protected]
Jarrod BakerPartner, SEA Forensic Investigations [email protected]
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