Banks play a crucial role in combating financial crimes beyond simply closing accounts. They are at the forefront of efforts to prevent money laundering, terrorist financing, human trafficking, and other illicit activities through stringent Know Your Customer (KYC) procedures, transaction monitoring systems, and reporting suspicious activities to regulatory authorities. Moreover, banks collaborate with law enforcement agencies and international organizations to share information on emerging threats and trends in financial crime. By actively participating in these initiatives and investing in advanced technologies for fraud detection and prevention, banks contribute significantly to global efforts aimed at combating financial crimes effectively.