CeFPro’s Fraud and Financial Crime Europe 2023 Summit provided the perfect balance of learning, networking, and meeting industry-leading vendors from across financial crime. The 2 day event delivered reviews of the current fraud and financial crime landscape, and advised attendees how to leverage technological advances to mitigate risk.

According to the latest data from the Crime Survey of England and Wales, there were 3.7 million cases of fraud reported in 2022. However, it is estimated that 86% of all fraud cases go unreported, making the actual number of fraud incidents much higher; this is just one of the reasons why preventing financial crimes is a top priority for regulators, and why fraud and financial crime events are pivotal. Additional legislative developments, changing regulations, and new sanctions create unknown risks and more significant legal uncertainty across the industry; therefore, understanding and addressing these challenges is essential.