Report:

Cutting the costs of AML compliance

What is the breakdown of AML cost by process?
What is the spend on people versus technology?

The annual cost of AML compliance for UK financial institutions is huge, with costs expected to continue growing for the next 3 years.

We have worked with leading research group, Oxford Economics, and experts from the compliance community to produce an in-depth report which includes a conservative estimate of the combined annual cost of AML compliance for the financial services industry across the UK.

Our report also asks and answers:

  • What’s driving up costs? Is it regulation or new criminal threats?
  • What is the balance of spend on people versus technology?
  • Where is most of the compliance budget being spent – and is it being spent effectively?

We explore how firms are dealing with the need to interpret increasingly complex legislation and whether there’s a need to redress the balance between technology and people. Data and technology are already helping reduce costs, but how much more could be done?

Download the report now, to get the very latest insights.

Download Report

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LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit risk.lexisnexis.co.uk and relx.com.

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