In 2023, an estimated $3.1 trillion in illicit funds flowed through the global financial system. Projected global losses from scams and bank fraud schemes exceeded $485 billion. [1] Fines and ...

Discover how Southeast Asia is tackling financial crimes and money laundering through legal reforms, advanced AML ...

Unsurprisingly, the spending to combat financial crime is also immense. Celent estimates that financial institutions globally will spend some $230 billion in 2024 across technology and operations ...

WASHINGTON (AP) — As the nature of financial crime changes, with technology and AI increasingly used to perpetrate illegal acts, the IRS' crime fighting arm —IRS Criminal Investigation— is ...

The National Orientation Agency (NOA) and the Economic and Financial Crimes Commission (EFCC) have unveiled plans for a ...

Our report delivers precisely that, providing an in-depth financial and economic crime risk evaluation.”Shah said his firm estimates that money laundering “could surge between US$4.5 trillion ...

Fighting financial crimes in digital fast payments systems Tuesday, April 29, 2025 - 4 min read. While digital fast payment systems have revolutionised trade, both domestically and internationally ...

The agency found $21.1 billion in fraud tied to tax and financial crimes from 2022 to 2024, seized $8.2 billion in assets tied to criminal activity in the same period, and recouped $1.4 billion in ...

IRS crime fighting arm announces modernization program as financial crimes use more tech Mar 28, 2025, 8:03 AM FILE - A sign for the Internal Revenue Service building in Washington, on May 4, 2021.