The summit must deliver concrete commitments that include stronger international information sharing, improved asset-recovery arrangements, enhanced co-operation on cryptocurrency regulation, and greater transparency on property ownership. International co-operation will be essential if we are to tackle criminal networks that operate across borders, move assets between jurisdictions and exploit gaps between national regulatory systems.
The summit must also address the growing threat posed by cryptocurrency and other digital assets. We have already seen evidence of cryptoassets being used to evade sanctions and move money across borders beyond the reach of traditional financial controls. Criminal networks and hostile actors adapt quickly; regulators and Governments must do the same.