2019 Asia Pacific True Cost of AML Compliance 


What Are the Benefits of Achieving AML Compliance for Financial Institutions?

Read our report to understand the AML spending trends in Asia Pacific.

AML Compliance cost in APACThe projected cost of Anti-Money Laundering (AML) compliance across Indonesia, Malaysia, the Philippines and Singapore combined is estimated at US$6.09 billion annually according to the True Cost of AML Compliance: Asia Pacific Edition Report. AML costs have reportedly risen by 9% - 10% during the past two years and are expected to continue at a similar rate during the next year.  The report represents the views of decision makers within the financial compliance function who oversee Know Your Customer (KYC) remediation, sanctions monitoring and/or AML transaction monitoring at banks, investment firms, asset management firms and money services bureaus across Indonesia, Malaysia, Singapore and the Philippines.

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