Information Wall

Collected by experts over years of experience in the field, here are the top facts and figures to know about the field of fighting financial crime.

Overview

The existence of large criminal markets generating huge profits for those involved is a widely known concern. Even more detrimental are the significant harms that are inflicted on people and societies everywhere.

 

By its very nature, crime operates in the shadows, and in doing so avoids accurate data-driven assessments, in particular the evaluation of the size and composition of the criminal activity, where the activity is being carried out, the full nature of its harmful impact, and the response and costs involved. The purpose and motivation of the activity is largely financial gain and those involved willingly defy the law. Criminals will not limit themselves to one activity if another can be taken advantage of and will partner with others to collaborate across borders.

 

Despite the limitations presented in describing and estimating criminal activity, key estimates suggested by various reliable sources have been collated by the Global Coalition to Fight Financial Crime (GCFFC). These estimates would, in many cases, benefit from additional expert analysis, solid methodologies, further corroboration and peer reviews. Nevertheless, it is a fair overall assessment that criminal markets are likely generating more illicit funds than at any other time in our history, with ever more harmful effects inflicted against each country, against billions of people and against our increasingly fragile environments.

 

Through the work of our Members and our expert-generated proposals, the GCFFC is determined to respond to the threat of financial crime, with the aim of improving the overall effectiveness by moving towards a more collective response.

 

Our information wall was compiled by the Chair, John Cusack, and can be found at the link below:

GCFFC Financial Crime Information Wall