Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AI, Compliance, Compliance News, Financial Crime, Fraud, Regulatory

NEWS: FATF says tackling $500bn global fraud epidemic is now its ‘highest priority’

Giles Thomson, President of the FATF

By PAUL O’DONOGHUE, Senior Correspondent

TACKLING the global fraud epidemic is now the ‘highest priority’ for the Financial Action Task Force (FATF), the organisation has said.

The global AML body has previously warned that scams and fraud result in an esimated $500 billion worth of losses per year.

AML Intelligence
Subscribe now to have unlimited access

With our membership subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!