Accenture was Highly Commended in the Fraud & Financial Crime Programme Advisory Firm of the Year category at the 7th Regulation Asia Awards for Excellence 2024.

The Fraud & Financial Crime Programme Advisory Firm of the Year category recognises firms that effectively support financial institutions in combating fraud and financial crime, including through providing strategic guidance, tailored solutions, and innovative approaches. By recognising leaders in this space, the award seeks to encourage technological advancements and the long-term sustainability of the financial industry.

Accenture was recognised for its expertise in regulatory compliance, advanced use of technology in financial crime detection, and measurable impact on client success. The firm’s efforts include collaborating with the Monetary Authority of Singapore on the COSMIC initiative, which introduced an integrated platform for sharing AML and fraud-related information across major financial institutions. Accenture also implemented sophisticated analytics tools, such as entity resolution and machine learning models, to aid clients in detecting hidden financial crime risks and streamlining compliance workflows.

“Accenture has raised the bar for advisory services in financial crime prevention,” said one judge on the Regulation Asia Awards panel. “The firm’s expertise in financial crime compliance, combined with its innovative applications of technology, demonstrates its commitment to advancing industry standards and delivering meaningful, measurable impact for their clients.”

“This award underscores the vital role of advisory firms in raising industry standards for fraud prevention and financial crime compliance,” said Bradley Maclean, Co-founder of Regulation Asia and Chair of the Awards Committee. “Firms like Accenture are at the forefront of building a secure, resilient financial landscape in Asia through their expertise and innovation. This recognition is a call to action for the industry to prioritise compliance, resilience, and technology-driven solutions to help combat financial crime more effectively.”

About the Regulation Asia Awards for Excellence 2024

The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that help ensure the highest regulatory compliance standards are upheld in the financial industry. Each year, senior industry practitioners serve on a judging panel to help assess and score each submission to determine the winning entrants.

For a full list of the award 2024 winners, visit www.regulationasia.com/awards.

About Regulation Asia

Regulation Asia is the leading source of actionable regulatory intelligence for Asia Pacific markets. With over 13,000+ subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.

Visit www.regulationasia.com or connect via LinkedIn or Twitter.