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Annual AML compliance costs for North American firms are at $31.5 billion per year, according to a new report.
Complying with anti-money laundering (AML) regulations costs financial services firms based in the United States and Canada more than $31.5 billion per year. That is the conclusion drawn by a recent report from LexisNexis Risk Solutions. The report, entitled “The True Cost of Anti-Money Laundering Compliance in the United States and Canada,” is derived from...
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