Phase IFoundation
Background
Overview
This concept addresses a critical internal security threat, challenges to economic stability (financial crime), governance issues, the impact of emerging technologies on crime, and the imperative for international cooperation in combating global criminal networks.
Transnational cybercrime refers to criminal activities conducted across national borders using computer networks and the internet, often involving sophisticated online fraud. Money laundering is the process of concealing the origins of illegally obtained money, typically by passing it through a complex sequence of banking transfers or commercial transactions, to make it appear legitimate.