Crime Institute
Crime · ModuleRISK · HIGH
Financial Crime
Non-violent economic crime including money laundering, tax evasion, market manipulation, embezzlement, and sanctions evasion.
OVERVIEW
Global picture
The UNODC estimates money laundering represents 2-5% of global GDP annually — USD 800B to USD 2T. FATF assesses 200+ jurisdictions; 23 are on the grey list.
CURRENT SITUATION
What's happening now
Virtual asset service providers (VASPs) became the top new laundering vector. FATF Travel Rule implementation reached 62% of major jurisdictions. Trade-based money laundering remains the largest under-detected typology.
Estimated flow
USD 2T
per year
FATF grey list
23
jurisdictions
SAR reports
3.1M
FinCEN 2024
Asset recovery rate
<1%
of laundered funds
MAJOR ACTORS / NETWORKS
Key organizations
Trade-based laundering ringsHawala networksShell company clusters (Panama, BVI)VASP mixers (sanctioned)
MOST AFFECTED
Countries & regions
USAUAENetherlandsSingaporeUKSwitzerlandHong Kong
TRENDS
Evolving patterns
Crypto mixers on OFAC sanctions
Golden visa scrutiny
Beneficial-ownership registers
Real-estate anti-money-laundering
LEGAL FRAMEWORK
International conventions
- FATF 40 Recommendations
- UNCAC 2003
- Bank Secrecy Act (US)
- AMLD6 (EU)
- UK Economic Crime Act 2023
PREVENTION
Response strategies
- Public beneficial ownership registries
- Perpetual KYC
- Cross-border FIU cooperation
- Sanctions screening automation
RELATED MODULES