Maintain Compliance in an Ever-Changing Regulatory Environment
The rising cost of financial crime compliance makes it difficult for organizations of all sizes and types to strike the right balance between operational efficiency and effective risk mitigation.
LexisNexis® Risk Solutions Study Reveals Double Digit Increase in Financial Crime Compliance Costs Across EMEA Markets
We collected feedback from 380 decision-makers who oversee Know Your Customer (KYC) remediation, sanctions monitoring, financial crime transaction monitoring and compliance operations across EMEA.
The cost of financial crime compliance has risen significantly according to the 2020 LexisNexis® Risk Solutions True Cost of Financial Crime Compliance Study, EMEA Edition. Across all financial institutions, the total projected cost of financial crime compliance is $117.5B for 2020, resulting in a 21% year-on-year increase. Germany is representing a higher portion of the total EMEA cost followed by France and Italy.
The cost of financial crime compliance has risen significantly according to the 2020 LexisNexis® Risk Solutions True Cost of Financial Crime Compliance Study, EMEA Edition. Across all financial institutions, the total projected cost of financial crime compliance is $117.5B for 2020, resulting in a 21% year-on-year increase. Germany is representing a higher portion of the total EMEA cost followed by France and Italy.
Download our report to learn more about the key findings and why some of the regions are impacted the most. Our latest report will dive into the single driver for high compliance cost, the correlation of cost and due diligence efforts as well as the indirect impact on productivity and employee retention.
Download our EMEA Edition for a comprehensive analysis on:
- The true cost of financial crime compliance
- The operational compliance screening challenges
- The COVID-19 impacts
- The benefits of investing in financial crime compliance processes
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