PwC India sets up centre of excellence for forensics in Hyderabad To hire 150 anti-money laundering and due-diligence professionals in the next one year

  • Involved investment worth US$1.5 million
  • First among the Big 4 to have a dedicated centre of excellence (CoE)
  • Expertise in anti-money laundering, KYC, remediation and third-party due diligence

Hyderabad, 12 January 2016: PwC India today announced the setting up of a centre of excellence (CoE) for forensics in Hyderabad. This state-of-the-art facility will provide clients with solutions related to anti-money laundering compliance, third-party due diligence, email and document review, and investigation support.

The CoE with a trained team of over 100 professionals in India, plans to hire 150 more due diligence and anti-money laundering professionals in the next one year.

Built at an investment of US$1.5 million, the facility is well equipped in terms of technology, capability and also has suitable security systems in place to maintain confidentiality of information. The team also has multilingual capabilities (Mandarin, Bahasa, Cantonese and Spanish, to name a few) to cater to the demands of resource requirements for PwC network firms.

Dinesh Anand, Leader – Forensic Services, PwC India, said “The establishment of this CoE demonstrates our commitment to help clients navigate the complex and varied regulatory landscape across geographies. Non-compliance with anti-money laundering, anti-bribery and corruption regulations, etc. are not just operational issues but also bring in reputation risks. Compliance with these regulations requires significant number of resources  as well as specialised professionals.”

Apart for the CoE in Hyderabad, the Forensics Services team at PwC India has two forensics technology labs at Gurgaon and Mumbai with niche capabilities like data analytics, electronic discovery and computer forensics.

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