- Financial crime in a pandemic
- What kinds of financial crimes are of most concern to you?
- Are any industries particularly susceptible to these crimes in the current crisis?
- What can companies and regulators do to prevent these crimes or mitigate their effect?
- What is your particular interest in the likely rise in financial crime?
- Any other advice for practitioners?
Banking & Finance analysis: Fraud, money laundering, hacking, cyber attacks and bribery are key parts of the modern tool kit for financial criminals. The volatility and uncertainty characteristic of economic crises, such as the current coronavirus (COVID-19) crisis, provide fertile ground for these crimes. On a recent PRIMEtime Virtual Event, Gay Huey Evans OBE, P.R.I.M.E. Finance expert, chair of the London Metal Exchange in December 2019 and an independent non-executive director of Standard Chartered plc (where she is chair of the Board Committee on Financial Crime and serves as a member of the Board Risk Committee), identified financial crime as a significant risk which is heightened by the current crisis.
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