Leading business and financial adviser Grant Thornton UK LLP has announced the introduction of a new dedicated Financial Crime and Disputes practice.
Working alongside Grant Thornton's highly successful Financial Services Advisory Group, the team will provide clients with the deep knowledge, skill and resource to mitigate, respond and remediate issues relating to financial crime and complex disputes in the global financial services sector.
The practice builds on Grant Thornton's considerable expertise in forensic and investigation services in the UK, with further investments in international capabilities planned over the coming months.
Drawing on its experience in supporting banking, insurance and asset management organisations, along with international governments and regulators, the Financial Crime and Disputes unit offers a comprehensive approach to helping clients manage civil, regulatory and criminal issues in both domestic and international operations.
Marcus McCaffrey, Partner and Head of Financial Crime and Disputes at Grant Thornton UK LLP, commented: "Financial crime remains one of the key agenda points for regulators, enforcement agencies and financial institutions across the world. The increasing pressure of regulation and enforcement, set against a dynamically changing financial services market, means that all manner of financial institutions - and many other industry sectors too - are exposed to financial crime risk."
Peter Allen, Partner and Head of Financial Services Advisory at Grant Thornton UK LLP added: “This is an important step forward in further building our comprehensive offer to the financial services market and addressing the financial crime and disputes concerns of our clients. Feedback from the market so far has been extremely positive and we're confident the team will help continue to drive the fantastic growth we've experienced over the past few years, whilst further enhancing the firm's reputation for, and experience in, developing the innovative, best-in-class client solutions our clients require.”