Future of Financial Crime

Financial crime remains a pervasive economic and social challenge with its impact reverberating across industries and communities worldwide. There is an undeniable need for change in how governments, regulators and financial institutions work together to fight financial crime as threats evolve, technology advances, and regulatory and stakeholder expectations increase. Criminal networks have grown increasingly sophisticated, rapidly exploiting advancements in artificial intelligence (AI) and other emerging technologies to scale and accelerate their illicit activities. This surge in threat complexity is compounded by an exceptionally volatile global landscape, marked by geopolitical uncertainty, the escalating impacts of climate change, and the relentless march of technological progress within an increasingly interconnected and data-driven world.

At Deloitte, we recognise that this intricate interplay of global factors demands a profound shift in our approach to financial crime prevention and detection. This is particularly critical given the rising cost of compliance, which often yields suboptimal outcomes against criminals.

Traditional models are simply no longer sufficient. We must embrace a more integrated, dynamic, and technology-driven paradigm to effectively counter threats evolving at an unprecedented pace.

Our 'Future of Financial Crime' series delves into these critical shifts, offering insights into how organisations can adapt, innovate, and build resilient frameworks to safeguard against emerging risks in this challenging new era. Discover the strategic changes and technological advancements essential for navigating tomorrow's financial crime landscape.

Watch our introductory video.