Nasdaq Verafin Report Finds that $750 Billion in Money Laundering and Illicit Funds Flowed Through Europe
Nasdaq Verafin has released its new Financial Crime Insights: Europe report, revealing that an estimated $750 billion in illicit funds flowed through Europe's financial system in 2023, representing 2.3% of total European GDP. The report highlights that $194.9 billion was moved across borders, accounting for over a quarter of total money laundering activity in the region.
The analysis also uncovered $103.6 billion in losses from various scams and bank fraud scenarios. The report, produced in collaboration with Celent Research and Oliver Wyman, provides insights from anti-financial crime professionals across Europe, including the EU, UK, and Nordic region.
Currently, over 2,600 financial institutions representing $10 trillion in assets use Nasdaq Verafin's cloud-based financial crime management solutions to combat activities such as scams, elder financial exploitation, human trafficking, and terrorist financing.
Nasdaq Verafin ha pubblicato il suo nuovo rapporto Financial Crime Insights: Europe, rivelando che un stimato $750 miliardi di fondi illeciti sono transitati attraverso il sistema finanziario europeo nel 2023, rappresentando il 2,3% del PIL europeo totale. Il rapporto evidenzia che $194,9 miliardi sono stati trasferiti oltre confine, costituendo oltre un quarto dell'attività totale di riciclaggio di denaro nella regione.
L'analisi ha anche scoperto $103,6 miliardi di perdite derivanti da vari schemi di frode e truffe bancarie. Il rapporto, prodotto in collaborazione con Celent Research e Oliver Wyman, fornisce approfondimenti da professionisti anti-crimine finanziario in tutta Europa, inclusi UE, Regno Unito e regione nordica.
Attualmente, oltre 2.600 istituzioni finanziarie che rappresentano $10 trilioni in attivi utilizzano le soluzioni di gestione del crimine finanziario basate su cloud di Nasdaq Verafin per combattere attività come truffe, sfruttamento finanziario degli anziani, traffico di esseri umani e finanziamento del terrorismo.
Nasdaq Verafin ha lanzado su nuevo informe Financial Crime Insights: Europe, revelando que un estimado de $750 mil millones en fondos ilícitos fluyeron a través del sistema financiero de Europa en 2023, representando el 2,3% del PIB total europeo. El informe destaca que $194,9 mil millones fueron transferidos a través de fronteras, lo que representa más de una cuarta parte de la actividad total de lavado de dinero en la región.
El análisis también descubrió $103,6 mil millones en pérdidas por varios esquemas de estafa y fraude bancario. El informe, producido en colaboración con Celent Research y Oliver Wyman, proporciona información de profesionales en la lucha contra el crimen financiero en toda Europa, incluyendo la UE, el Reino Unido y la región nórdica.
Actualmente, más de 2,600 instituciones financieras que representan $10 billones en activos utilizan las soluciones de gestión de crímenes financieros basadas en la nube de Nasdaq Verafin para combatir actividades como estafas, explotación financiera de ancianos, trata de personas y financiamiento del terrorismo.
Nasdaq Verafin은 새로운 보고서 Financial Crime Insights: Europe를 발표했으며, 2023년 유럽의 금융 시스템을 통해 약 $7500억의 불법 자금이 유입되었으며, 이는 유럽 총 GDP의 2.3%에 해당한다고 밝혔습니다. 이 보고서는 $1949억이 국경을 넘어 이동했으며, 이는 이 지역의 전체 자금 세탁 활동의 4분의 1 이상을 차지한다고 강조합니다.
분석 결과, 다양한 사기 및 은행 사기 시나리오에서 $1036억의 손실이 발생한 것으로 나타났습니다. Celent Research 및 Oliver Wyman과 협력하여 제작된 이 보고서는 유럽 전역의 금융 범죄 방지 전문가들의 통찰력을 제공합니다. 여기에는 EU, 영국 및 북유럽 지역이 포함됩니다.
현재 2,600개 이상의 금융 기관이 $10조의 자산을 대표하며, Nasdaq Verafin의 클라우드 기반 금융 범죄 관리 솔루션을 사용하여 사기, 노인 재정 착취, 인신 매매 및 테러 자금 조달과 같은 활동에 대응하고 있습니다.
Nasdaq Verafin a publié son nouveau rapport Financial Crime Insights: Europe, révélant qu'environ $750 milliards de fonds illicites ont circulé dans le système financier européen en 2023, représentant 2,3 % du PIB total européen. Le rapport souligne que $194,9 milliards ont été transférés à travers les frontières, représentant plus d'un quart de l'activité totale de blanchiment d'argent dans la région.
L'analyse a également révélé $103,6 milliards de pertes dues à divers scénarios d'escroquerie et de fraude bancaire. Le rapport, produit en collaboration avec Celent Research et Oliver Wyman, fournit des informations de professionnels de la lutte contre la criminalité financière à travers l'Europe, y compris l'UE, le Royaume-Uni et la région nordique.
Actuellement, plus de 2 600 institutions financières représentant 10 billions de dollars d'actifs utilisent les solutions de gestion de la criminalité financière basées sur le cloud de Nasdaq Verafin pour lutter contre des activités telles que les escroqueries, l'exploitation financière des personnes âgées, la traite des êtres humains et le financement du terrorisme.
Nasdaq Verafin hat seinen neuen Bericht Financial Crime Insights: Europe veröffentlicht, der zeigt, dass im Jahr 2023 schätzungsweise $750 Milliarden an illegalen Mitteln durch das europäische Finanzsystem geflossen sind, was 2,3% des gesamten europäischen BIP entspricht. Der Bericht hebt hervor, dass $194,9 Milliarden grenzüberschreitend bewegt wurden, was über ein Viertel der gesamten Geldwäscheaktivitäten in der Region ausmacht.
Die Analyse deckte zudem $103,6 Milliarden an Verlusten aus verschiedenen Betrugs- und Bankbetrugsszenarien auf. Der Bericht, der in Zusammenarbeit mit Celent Research und Oliver Wyman erstellt wurde, bietet Einblicke von Fachleuten für die Bekämpfung von Finanzkriminalität in ganz Europa, einschließlich der EU, des Vereinigten Königreichs und der nordischen Region.
Derzeit nutzen über 2.600 Finanzinstitute, die $10 Billionen an Vermögenswerten repräsentieren, die cloudbasierten Lösungen von Nasdaq Verafin zur Bekämpfung von Aktivitäten wie Betrug, finanzieller Ausbeutung älterer Menschen, Menschenhandel und Terrorismusfinanzierung.
- Large market presence with 2,600+ financial institutions representing $10T in assets using Verafin's solutions
- Strong positioning in the growing financial crime prevention market
- Advanced AI-driven solutions and consortium data approach reducing false positives
- None.
More than a Quarter of the Region’s Money Laundering Activity was Across Borders
New Analysis of European Country-Level Data and Insights into Fraud Trends, Cross-Border Flows and Money Mule Activity
ST. JOHN's, Newfoundland and Labrador, March 31, 2025 (GLOBE NEWSWIRE) -- Nasdaq Verafin has released its new report, Financial Crime Insights: Europe, that takes a deeper dive into the scale of financial crime across Europe. This report provides new analysis of the data from the 2024 Global Financial Crime Report, and industry insights from a survey of anti-financial crime professionals from across Europe, including the EU, UK, Nordic region and more.
Financial crime in Europe is staggering in scale and inextricably linked to a global crisis that undermines financial systems, economies and communities around the world. An estimated
New insights from our research reveals that of all funds laundered across Europe,
This expert analysis highlights the scale of financial crime across the region, which significantly impedes the growth and security of Europe’s financial system. The nefarious activities that underpin illicit flows, such as elder abuse, fraud scams, human trafficking, drug trafficking, and terrorist financing – have serious economic and societal impacts across Europe and around the world.
"The time is now for industry stakeholders to work together to build on the positive momentum across Europe to deliver on a step change in the fight against financial crime. Criminals are not bound by banks, borders or regulations – so by aligning on shared goals, we can strengthen economies across the region and safeguard the wider financial system from harm,” said Stephanie Champion, Executive Vice President and Head of Nasdaq Verafin. “This report highlights the need for unified action to address both domestic and cross-border risks, fostering a safer financial system for all.”
Financial Crime Insights: Europe provides authoritative research findings and industry perspectives that define notable trends and priorities within the financial sector across the UK, EU, and Nordics. Additionally, it underscores opportunities for stakeholders within the European financial industry to align their priorities for financial crime prevention, collaborate across sectors and borders, and expedite innovation through advanced technology. Innovative solutions and data-driven strategies will be crucial for enhancing anti-money laundering and fraud prevention efforts, ultimately ensuring a more secure financial ecosystem in Europe.
Nasdaq Verafin has been a partner to the financial industry for decades and provides an industry-leading suite of cloud-based financial crime management solutions that support banks in preventing fraud and uncovering money laundering. Today, more than 2,600 financial institutions representing
This report focuses on financial crime trends and perspectives in Europe, EU, the UK and the Nordic region and was produced by Nasdaq Verafin in collaboration with Celent Research and Oliver Wyman.
The full report can be found at https://verafin.com/financial-crime-insights-europe/.
About Nasdaq Verafin
Nasdaq Verafin provides cloud-based Financial Crime Management Technology solutions for Fraud Detection, AML/CFT Compliance, High-Risk Customer Management, Sanctions Screening and Management, and Information Sharing. More than 2,600 financial institutions globally, representing nearly
Media Relations Contacts:
Europe:
Hampus Stenberg
+46 73 449 6431
hampus.stenberg@nasdaq.com
North America:
Melanie Stead
(709) 330-8005
melanie.stead@nasdaq.com
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