In the ongoing fight against financial crime, both criminals and the
solutions set up to fight them are becoming increasingly sophisticated. This is not without cost implications.
According to our
Global True Cost of Compliance 2020 report, the projected total cost of financial crime compliance across financial institutions worldwide is
$213.9 billion, up from $180.9 billion the previous year.
The results come from a comprehensive survey of 1,015 financial crime compliance decision makers at financial institutions, including banks, investment firms, asset management firms and insurance firms around the world.
In the ongoing fight against financial crime, both criminals and the
solutions set up to fight them are becoming increasingly sophisticated. This is not without cost implications.
According to our
Global True Cost of Compliance 2020 report, the projected total cost of financial crime compliance across financial institutions worldwide is
$213.9 billion, up from $180.9 billion the previous year.
The results come from a comprehensive survey of 1,015 financial crime compliance decision makers at financial institutions, including banks, investment firms, asset management firms and insurance firms around the world.