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Compliance, Financial Crime

LOSSES: Financial crime costs individual businesses £1M each, reveals report on global companies

Cost of FinCrime

By Elizabeth Hearst for AMLi

The cost of financial crime exposure to global businesses is estimated to be £1 Million or more per business, according to a new industry report published this week. 

The white paper report published by Themis and Encompass Corporation has revealed that 30% of global businesses surveyed estimated the cost to their business, either directly or indirectly, of financial crime exposure was an eye-watering £1 Million or more. 

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