Regrettably, the COVID-19 pandemic has led to a documented rise in criminal financial activity directly linked to the crisis. This IIF Staff paper outlines examples of financial crime typologies many in the industry and law enforcement are currently seeing in order to ensure collective awareness of new and emerging threats. We also consider operational issues for financial crime compliance and risk management which may arise from matters concerning the pandemic response. Lastly, we discuss how further work on a cross-border basis in areas such as increased information sharing and public/private sector cooperation will assist both in the current crisis setting and in the longer-term fight against financial crime.
