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AML Costs Hit $14.3M Per Large U.S. Firm

July 31, 2019 by Louis Chunovic

AML Costs Hit $14.3M Per Large U.S. Firm

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… Read More >>

Filed Under: Derivatives Operations, Securities Operations, Buy-Side, Data Management, Industry News, Middle-Office, Operational Risk, Ops Automation, Reconciliation & Exceptions, Risk Management, Settlement, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), FinTech Trends, Back-Office, Integration, Standards, KYC, AML/Fraud/Financial Crime, Regulation & Compliance, Cybersecurity, Derivatives, Regulatory Compliance, Regulatory Reporting, Economic Sanctions, Industry News, People Moves Tagged With: AML, anti-money laundering, compliance processes, compliance technologies, Daniel Wager, LexisNexis Risk Solutions, report

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