Financial crime is more sophisticated and global than ever before, evolving rapidly in tandem with technological innovation. From money laundering and fraud to terrorism financing and crypto-enabled scams, these illicit activities pose serious risks to economies, institutions, and individuals worldwide.

Financial crime poses a significant threat to the global financial system, impacting individuals, businesses, and the economy. This primer provides an overview of financial crime, including its definition, examples, motivations, methods, actors, consequences, and the UK's legal and regulatory landscape.

Financial crime poses a significant threat to the global financial system and individual/business well-being. From investment scams and insurance fraud to money laundering, cybercrime, market manipulation, and corruption, these activities inflict financial losses and erode trust.

AI technologies provide sophisticated tools for criminals while also offering unprecedented opportunities for financial institutions and regulatory bodies to enhance defenses, detect suspicious activities, and prevent financial crime.

Arva AI (YC S24) has raised $3M from Gradient, Google’s early-stage AI fund, to transform business verification for financial institutions with generative AI.

Discover how AI improves AML compliance, KYB, and business verification in 2025. Stay ahead with the latest trends and benefits.