
These are the main uncertainty drivers around the world, according to the IMF
The IMF has updated its World Uncertainty Index to provide more regular readings and incorporate data from 71 economies dating back to 2008.
Illicit proceeds from criminal activity are estimated to account for 2-5% of global GDP (around $2 trillion USD), yet less than 1% is ever seized or frozen by law enforcement agencies – the current anti money laundering regime is not fit to combat a crisis of this scale. As such, the coalition presents a concerted and collaborative effort to address the societal costs and risks that financial crime poses to the integrity of the global financial system through five key objectives:
Approach:
The coalition has been designed using a multifaceted approach to ensure the success of its objectives:
The coalition meets in-person and on a semi-annual basis. However, also facilitates forums/calls between members and partners for more regular information sharing updates. For more information, please visit: https://www.gcffc.org/
The IMF has updated its World Uncertainty Index to provide more regular readings and incorporate data from 71 economies dating back to 2008.