Financial crime threatens people in every aspect of their lives: at home, at work, online and offline. Also known as economic crime, financial crime includes theft, fraud, deception, blackmail, corruption and money laundering, and is committed by ill-intentioned individuals up to large-scale operations masterminded by organized criminals with a foot on every continent.

For white-collar criminals and serious and organized criminal networks, the possibilities for making money illicitly are seemingly endless, with risks appearing low and returns high.

To avoid detection, stolen funds can cross multiple physical and virtual borders before reaching a final destination. As a result, detection and prosecution is hampered by the complexity of investigations required, the level of international cooperation needed and, for internet offences, the establishment of jurisdiction.

Over and above the immediate social and economic impact to individuals and businesses, financial crime is often closely linked to violent crime and even terrorism.

According to Nasdaq’s 2024 Global Financial Crime Report, more than US$3 trillion was stolen in 2023 with devastating consequences. Some victims’ sense of security and financial loss was so great, they saw no way out but to take their own lives.

And, even if you have never been the victim of a financial scam or online fraud, had your bank account hacked, or your personal data stolen, the truth is you are impacted anyway through increased business fees and government taxes to cover what was is stolen from others.

Are you confident your business’ financial protocols are best-in-class?

Reach out for assistance with your anti-money laundering, governance and financial compliance matters.

We can help you:

• protect your bottom-line

• strengthen your operating protocols

• build your business resilience; and

• grow employee capacity and capability.