Nasdaq’s 2024 Global Financial Crime Report reveals $3.1 trillion in illicit funds surged through the global financial system in 2023, financing ML, human and drug trafficking, and terrorism

This included money laundering funding crimes such as human trafficking ($346.7B), drug trafficking ($782.9B), and terrorism ($11.5B). Additionally, fraud and bank fraud schemes resulted in projected global losses of $485.6 billion. These figures underscore the significant human and financial impacts of financial crime…