Core Insights - The 2026 Global Financial Crime Report reveals that illicit financial activity has surged by $1.3 trillion since 2023, bringing the total estimated scale of global financial crime to $4.4 trillion, with a compound annual growth rate of 19.2% over two years [2] - Fraud scams and bank fraud schemes have resulted in global losses of $579.4 billion, with fraud scams growing at a compound annual growth rate of 19.3%, reaching $62 billion [2] - Criminal networks are increasingly leveraging AI to enhance their operations, with 90% of financial crime professionals reporting an increase in AI-driven attacks at their institutions over the past two years [2][3] Financial Crime Landscape - Drug trafficking activity is estimated at $1.1 trillion, with an annualized growth rate of 17.1% [6] - Human trafficking is estimated at $528.5 billion, with an annualized growth rate of 23.5% [6] - Terrorist financing is estimated at $16.2 billion, with an annualized growth rate of 18.8% [6] Collaborative Efforts - Nasdaq Verafin is pledging to support the UN Office on Drugs and Crime (UNODC) in combating financial crime by mobilizing private sector collaboration [4] - The company will host a series of convenings for private sector leaders to discuss emerging threats and actionable steps for improving cross-sector collaboration [4] - The report highlights organizations that demonstrate successful collaboration between public and private sectors in the fight against financial crime [3]