Global conflict, geopolitical fragmentation, and the professionalisation of money laundering are creating a perfect storm for illicit finance. While compliance teams focus on immediate crises, bad actors quietly exploit the chaos—opening new sanctions-evasion routes, shifting gold markets, and scaling money laundering networks. With international cooperation under strain, which critical threats remain below the surface today? This panel steps outside daily AML and sanctions routines to expose the blind spots that will shape regulatory headlines in the years ahead.