Financial crime causes monumental harm around the world. The proceeds of bribery, corruption, fraud, narcotics trafficking and other organized crime have all been implicated in the financing of terrorism, human rights abuses such as slavery and child labour, and environmental crime. This has serious economic and social costs in terms of the lost revenues to national exchequers that could be invested in social development, and in terms of the impact on individual lives.
With the financial crime issue firmly on the global agenda, Refinitiv, (nee the Financial and Risk business of Thomson Reuters), the World Economic Forum (WEF) and Europol...