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The $4.4 trillion shadow economy

United States, New York State, New York City, Manhattan, Upper West Side, Colombus Circle, skyscrapers and Central Park view, tourists
Photo: Marc Dozier/Getty Images

Jean Hurley

2 min read
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Nasdaq report warns of “industrialized” crime crisis that is significantly outpacing the legitimate global economy.

Nasdaq Verifin has released its 2026 Global Financial Crime Report, revealing a systemic “financial crime epidemic” that has reached a staggering $4.4 trillion in annual illicit flows. The report produced in partnership with Celent and Oliver Wyman warns that criminal networks have transitioned from opportunistic bad actors into industrialized, multinational-scale operations.

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