Illicit finance is one of the most serious issues facing our society today. It is a major threat to the security and prosperity of all nations, exposing the most vulnerable to ruthless criminal networks through crimes such as fraud, money laundering, corruption, cybercrime and human trafficking.
The global pandemic and rising geopolitical tensions have brought urgency to tackling this threat, by placing a spotlight on kleptocracy and revealing the sophistication of criminal networks exploiting the gaps within COVID-19 emergency responses.
Though the public and private sectors have invested billions towards combating these crimes, tackling financial crimes continues to be a huge and complex challenge for the system.
Shaping a collective response
The scale of illicit financial activity is vast and tackling it will require a coordinated collective response in which governments, financial institutions and corporations work together to develop and implement effective solutions.
Deloitte’s Illicit Finance (IF) program convenes key stakeholders from the private and public sectors to collaborate on building impactful strategies to fight financial crime. As part of this program, Deloitte have established the Forum for Tackling Illicit Finance to develop crucial insights and work with leading industry organisations, to help strengthen global resilience and disrupt the flow of illicit finance.
Working with governments, financial institutions and corporations, the IF program and the Forum for Tackling Illicit Finance offer actionable insights and guidance that can enable organisations to navigate the complex nature of financial crime and take action to protect society.
How the Forum for Tackling Illicit Finance can help