The societal challenges we face as society are so complex that we always work with partners who have complementary knowledge or skills. For example, when it comes to detecting and tackling criminal money flows in our banking ecosystem. By collaborating with experts from a wide range of knowledge areas, we contribute to innovative solutions that have a real impact.
In the past year, for example, Deloitte has been involved as a knowledge partner and director in the development of Transaction Monitoring Netherlands (TMNL). TMNL is a partnership of the 5 largest banks in the Netherlands and consists of a software platform that - the first in the world - monitors the transactions of the participating banks for unusual activities using network analysis and anomaly detection. New is that TMNL does this from an overarching perspective, across the borders of the participating banks. Our specialists in the areas of Financial Crime Advisory, Strategy, Privacy, IT and Legal have developed the structure for this in close collaboration with their counterparts at the banks. An important breakthrough, because before TMNL, banks only looked in their own 'silos', while criminals deliberately spread their business over different accounts and banks.
Baldwin Kramer, Partner: 'The social importance of TMNL is great. An estimated €16 billion is laundered annually in the Netherlands. In addition, financial crime is literally and figuratively transnational - whether it concerns the financing of international terrorism, human trafficking or drug transport.
"When it comes to the security of financial systems, there is still a world to be won. A challenge that requires multidisciplinary muscle. TMNL offers us a glimpse into the future of financial crime prevention."
This requires a multidisciplinary approach, across disciplines and sectors. A challenge that requires what we call multidisciplinary muscle. All chain partners within this very complex public-private partnership commit themselves to the success of TMNL is an achievement in itself. TMNL offers us a glimpse into the future of financial crime prevention. When it comes to the security of financial systems, there is still a world to be won. And that is what we are working on together with TMNL.'