A new research that tracks evolving financial and economic crime risks says that financial crime remains an alarming global concern, with illicit financial flows projected to surge between $4.5 trillion to $6 trillion by 2030.
Money laundering, fraud, bribery, and market abuse continue to evolve and become more sophisticated, fueled by shifting geopolitical and regulatory priorities, rapid advancements in virtual assets, decentralized finance (DeFi), artificial intelligence (AI), and machine learning, according to Secretariat, the leading global legal, risk, and regulatory advisory firm.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.