2020 Financial Crime Report: Review and Predictions
Financial crime remains a global threat to people, business and the global financial sector, and its prevention needs to be prioritised by both public and private institutions. Today’s AML compliance regulations are complex in nature and try to secure activities in financial institutions as much as possible; however, this is still not enough to prevent criminals from exploiting financial platforms and every point of weakness they can discover. Unfortunately, financial crime is not something that can be eradicated; however, organisations are evolving to keep up with the fast and agile methods criminals implement.
Read more on global trends and developments in the sector as well as understand why organisations spend over £650 million on additional staff and resourcing to attempt to combat financial crime.