Less than 1% of financial crimes are stopped.
What holds banks back? We asked 300 anti-fraud and AML professionals to find out.
Research Report
Can Banks Turn the Tide on Financial Crime?
$3.1 trillion in illegal transactions were made in 2023 according to a Nasdaq report. More than $800 billion was connected to drug trafficking, $350 billion to human trafficking, and $11.5 billion to terrorism. Another $500 billion was lost to fraud.
And yet less than 1% of these crimes are said to be stopped. That feels like an error of focus. Not an error of ability.
What’s holding the banks back? We asked 300 senior anti-fraud and AML professionals to find out.