Research Report
Trade-based financial crime drains $1.6 trillion from the global economy each year. Criminals exploit gaps in international trade, using tactics like misinvoicing and document manipulation to move illicit funds.
Many institutions struggle with fragmented internal systems while navigating a complex and shifting regulatory landscape. Despite recognising the value of AI, most are slow to adopt the technology needed to stay ahead.
Produced by Eastnets and Finextra, this report provides actionable strategies and recommendations to help you stay compliant and ahead of criminal networks.
Key Findings from the 2024 Report:
- Fragmented Risk Management: Over 42% of institutions report internal data silos and disconnected workflows, leaving dangerous gaps in their TBFC defences.
- Geopolitical Challenges: European banks are hardest hit, with 59% struggling to adapt to shifting regulations.
- Technology Gaps: Although 87% of institutions recognise AI’s importance, many are slow to adopt it, falling behind in TBFC detection.
Download the report today to equip you and your team with the knowledge and tools to combat trade-based financial crime.
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