Hyderabad, Jan 12:
PwC India has set up a centre of excellence (CoE) for forensics in Hyderabad.
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. This facility will provide clients with solutions related to anti-money laundering compliance, third-party due diligence, e-mail and document review, and investigation support.
Dinesh Anand, Leader, Forensic Services, PwC India, in a statement 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, 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.”
Built at an investment of $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.
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.
This will be first among the Big 4 to have a dedicated centre of excellence with capability to handle expertise in anti-money laundering, KYC, remediation and third-party due diligence.
PwC is a network of firms in 157 countries with more than 208,000 people.