The State of Financial Crime 2024

In a rapidly changing regulatory environment coupled with increasing geopolitical turmoil, understanding the evolving landscape of financial crime has never been more important. With AI, crypto, cybercrime and the upcoming elections in 2024, the “State of Financial Crime” report provides practical guidance to help navigate these complexities.

The report, serving as a benchmark for internal investigation and risk management, highlights several key findings include:

1. 89% of firms say they’re comfortable comprising explainability for automation when deploying AI in their AML tech stacks.

2. 61% expect to take a more risk-averse approach to PEPs (Politically Exposed Persons or government officials) in the next 12 months.

3. 90% have joined – or will join – a real-time payments program.

4. 49% of firms plan to add new technologies or capabilities, with 46% upskilling their compliance team.

Source : https://www.linkedin.com/posts/triage-investiga-internasional_the-state-of-financial-crime-2024-activity-7171120929647915010-W1K-?utm_source=share&utm_medium=member_desktop