
Interest rate hikes vs inflation: How are different countries doing it?
Inflation rates are hitting multi-decade highs in some countries, prompting many central banks to increase interest rates. The US Federal Reserve is being the most aggressive.
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/
Inflation rates are hitting multi-decade highs in some countries, prompting many central banks to increase interest rates. The US Federal Reserve is being the most aggressive.
Experts explore what the world might look like in 2025, and suggest how policymakers, decision-makers and the public can achieve these ‘positive futures’.