Access to the financial system transforms lives around the globe, reducing poverty and fostering economic growth. However, the financial system is also used by individuals engaged in some of the most devastating crimes of the modern era, including human trafficking, terrorism, corruption, and the drug trade.
GPI , which has a worldwide presence, has become a pillar of development in developing nations, boosting financial inclusion and global commerce. This puts us at the forefront of the battle against financial crime. As a gatekeeper to the financial system, it is our obligation to ensure that we are doing our role in constructing and maintaining adequate defences."
Money laundering permits the concealment of criminal funds inside the lawful financial system. An estimated USD5.8 trillion is generated annually by criminal organisations, with USD4.4 trillion available for laundering.
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