Financial crime poses a serious threat to global economic stability and security by fueling corruption, undermining financial institutions, and enabling terrorism and organized crime.
Combatting financial crime requires a coordinated global approach, with organisations like the Financial Action Task Force (FATF), the Egmont Group, and national regulators leading efforts. Despite progress in setting international standards and fostering cooperation, challenges such as resource disparities, emerging technologies, and fragmented enforcement continue to hinder effectiveness.
This paper examines the global and regional regulatory landscape, the unique challenges in non-democratic nations, the UK’s specific role, and strategies for driving meaningful progress.
