Anti-Money Laundering Solutions Report Reveals Annual Cost of Compliance Increasing for Banks and FinTechs
The most recent report into Anti-Money Laundering Solutions has revealed that the annual cost of compliance is continuing to increase. In fact, the research by LexisNexis shows a more than 13% rise in the expense of compliance for financial institutions across the United States and Canada. The research is done by polling professionals to identify what is changing in the world of financial crime. The rise in spending is a trend that is noticeable across banks and FinTechs who are...
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