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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by Joji Xavier
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