Fighting financial crime

Financial crime is multi-faceted, multi-national and very often invisible, making it hard to identify, measure and combat. Its impact is felt in many ways.

The true cost of financial crime

At Thomson Reuters, we are committed to uncovering the true scale of the financial crime challenge, to raise awareness, and create the data and coalitions that will increase our ability to fight financial crime together. Join the conversation #FightFinancialCrime.

The Coalition Against Financial Crime

At Davos this year, the World Economic Forum, Thomson Reuters and Europol launched a coalition to improve awareness of the extent of financial crime, promote more effective information sharing and establish enhanced processes to share best practice.
David Craig
David Craig
President, Financial & Risk

$1.45 trillion

The estimated aggregated loss of turnover from financial crime.

47 percent

47 percent of our survey respondents have been a victim of financial crime in the past 12 months.

3.1 percent

3.1 percent of annual turnover is spent combatting financial crime, representing an aggregate of $1.28 trillion for organizations surveyed.

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The true cost of financial crime extends far beyond pure economics. Critical social and humanitarian consequences impact the lives of millions of individuals across the globe on a daily basis. This has serious economic and social costs in terms of the lost revenues to national exchequers that could be invested in social development, and in terms of the impact on individual lives.