Financial crime risks are anticipated to rise in 2025, with 70% of executives predicting heightened threats, up from 67% in 2023, according to Kroll’s 2025 Financial Crime Report.
Despite the growing risks, only 23% of surveyed business leaders believe their organization’s compliance programs are “very effective” in addressing financial crime, the report reveals.
The findings, based on a survey of over 600 executives from industries such as insurance, financial services, and legal services, underscore concerns about the role of AI-powered cybercrime, evolving regulations, and geopolitical instability.
One of the key factors driving this increased financial crime risk is the rapid advancement of technology, particularly AI, which is being increasingly exploited by cybercriminals. The report highlights cyberattacks and the malicious use of AI as significant contributors to the anticipated rise in financial crime.
The report also points to the growing use of digital currencies as another challenge. Around 29% of respondents are already involved in cryptocurrency transactions, while 32% are considering entering the space. However, 59% of executives consider cryptocurrency a moderate to significant financial crime threat.
On a more positive note, technology is also seen as a vital tool in the fight against financial crime. Fifty-seven percent of respondents believe AI will enhance their compliance programs, and nearly half expect to invest in AI-driven solutions and other technologies to reduce risks.
Looking ahead, 62% of executives expect increased collaboration between regulators and financial institutions in the coming year, as well as stricter corporate transparency requirements and stronger enforcement of financial crime regulations.
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