The whitepaper by the Institute of International Finance and Deloitte examines global financial crime risk management reform and outlines next steps to strengthen the system. Despite progress, challenges remain in combating illicit finance effectively. The paper highlights four focus areas: better use of financial intelligence, risk prioritization, adopting technology and innovation, and international cooperation. Recommendations include enhancing data sharing, public-private partnerships, and regulatory alignment. Strong global leadership and proactive collaboration are critical to address cross-border financial crime and improve financial system integrity.

Join for free to read