EastNets Joins forces with PwC Financial Crime Advisory team in a move that further elevates its solutions against financial crime.

5 March, 2019 - EastNets has announced today that it has entered into a cooperation agreement with the Financial Crime Advisory team of PwC Czech Republic. 

The partnership will benefit organisations by providing high-value professional services combined with EastNets’ compliance technology platforms around financial crime detection. As a result, they will respond to the increasing surveillance and monitoring expectations of their regulators, correspondents and create value for their shareholders.

EastNets and the PwC Financial Crime Advisory team will collaborate to help clients with:
  • Implementation, optimization and testing of customer-centric financial crime technology
  • Advanced analytics services to decrease the level of false positives but maintain the high level of effectiveness of the monitoring
  • Design of a best practice governance framework around financial crimes technology
"Our EMEA (and global) clients have an increased demand for specialised professional services focused on technology and analytics for financial crime detection" says Liviu Chirita, Director in PwC's Financial Crime Advisory team. "Our partnership with EastNets crosses geographies and will provide organisations with optimised and highly effective solutions to fight financial crimes, specifically addressing their risk profiles, supporting responding to increased demands from regulators and correspondent institutions."

“The complexities of regulations driven by changing financial crime techniques demand a new approach to Risk Management,” says Hazem Mulhim, EastNets’ CEO. “With over 850 implementations of anti-financial crime solutions globally, EastNets understands the uniqueness of each customer’s operational framework and how technology fits into it. PwC has extensive knowledge of AML and CTF industry practices and regulations. The cumulative knowledge of our specialists through this partnership will provide financial institutions with the right set of tools helping them to mitigate risks and achieve synergy and seamless operations.”

About PwC Financial Crime Advisory
PwC’s Financial Crime Advisory team comprises subject matter experts in fighting financial crime (e.g. money laundering, sanctions, fraud, bribery and corruption, tax evasion) and financial crime technology experts, application developers, and data analytics professionals.

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