If financial crime were a sector of the U.S. economy, it would be on par with the lodging and food services sector—with money laundering activity accounting for 3.1% of the national GDP in 2023.
Despite its substantial scale, financial crime remains largely a concealed epidemic, extending across jurisdictions and borders and underpinning many of society’s gravest crimes: elder financial exploitation, fraud scams, human trafficking, drug trafficking, and terrorist financing.
