UK Banks Spend £30Bn Dealing with AML Compliance Risk
Recent research has found that the cost of dealing with Compliance Risk is proving high for British banks - coming in at around £30 billion. The bulk of this spend is on people-related expenses, which tend to account for 70%. Under this heading come costs like training and hiring and retaining the staff necessary to help a bank deal more effectively with Compliance Risk. It's not the first time that research has revealed this kind of spend being racked up...
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