By Nicole Wyatt
Financial crimes cost the global economy trillions of dollars every year and are increasing in frequency at an alarming rate. That impact starts, however, with costing ordinary people and businesses hundreds of thousands of dollars. This month, Regions Bank launched the Good Sense financial safety series on its news website, Doing More Today, to show how consumers, businesses and financial institutions can work together to combat financial crimes such as elder financial abuse, business email compromise and human trafficking.
From seniors hurt by financial exploitation to businesses targeted by email spoofing, financial crimes aren’t just expensive, they’re widespread.
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