Anti-Financial Crime & Financial Crime Compliance
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Banking, Compliance, Financial Crime, Financial Services

INSIGHT: Global bill for fincrime costs in financial institutions reaches $206BN

By ALISHA HOULIHAN for AML Intelligence THE GLOBAL cost to banks and financial services of financial crime compliance $206.1BN annually, according to a survey. It’s comparable to more than 12% of global research and development (R&D) expenditure and equates to $3.33 per month for each working-age individual on earth, according to LexisNexis Risk Solutions. The…

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