Navigating the current financial crime landscape
Research surfaces how healthcare leaders are responding to changing market and industry dynamics
Financial crime is a growing concern globally, posing significant risks to organizations and consumers alike. It's a complex issue that manifests
in various forms — from money laundering and fraud to cybercrime and corruption. In an increasingly digital world, these threats loom large.
This visual guide offers
Key facts and trends
a comprehensive snapshot of the current financial crime landscape, arming you with the knowledge you need to stay informed.
“Widespread cybercrime and cyber insecurity”
ranked #8 out
of 32 global risks
in both the short and long term
in a study by the World Economic Forum.
1
97%
The vast majority of countries assessed by the
Financial Action Task Force (FATF)
were found to have low to moderate effectiveness ratings for preventing money laundering and terrorist financing in the private sector.
2
74%
Nearly three-fourths of business leaders say their cyber strategy was influenced “moderately” or “substantially” by global geopolitical instability.
5
More than one-third of business leaders say their organizations are cyber resilient.
6
The amount Gartner experts predict that cryptocurrency thefts and ransomware payments will drop by 2024.
7
30%
$10.3
The Federal Bureau of Investigation (FBI)
reported $10.3 billion in victim losses
in 2022.
9
$1.75 Trillion
Business leaders believe a catastrophic cyber event is moderately or very likely, caused by global geopolitical instability.
8
$274.1
Spending on financial crime compliance exceeded in 2022.
10
Sources:
1. The Global Risks Report 2023
2. Report on the State of Effectiveness and Compliance with the FATF Standards
3. Cybersecurity in this era of polycrisis
4. Global Cybersecurity Outlook 2023 INSIGHT REPORT JANUARY 2023
5. ibid
6. ibid
7. Gartner Predicts Criminal Cryptocurrency Transactions Will Drop by 30% by 2024
8. Global Cybersecurity Spending to Exceed $1.75 Trillion from 2021-2025
9. Federal Bureau of Investigation Internet Crime Report 2022
10. Explore the Global Cost of Financial Crime Compliance
100%
200%
300%
Spike in state-sponsored cyber attacks
targeting users in NATO countries.
3
100%
86%
Business leaders believe a catastrophic cyber event is moderately or very likely, caused byglobal geopolitical instability.
4
Billion
Billion
Navigating the current financial crime landscape
Key facts and trends