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 LexisNexis® Risk Solutions 2022 True Cost of Financial Crime Compliance Study - Global Summary
, the projected total cost of financial crime compliance across financial institutions worldwide is $274.1 billion
, up from $213.9 billion in 2020.
The results come from a comprehensive survey of 1,088 financial crime compliance decision makers at financial institutions, including banks, investment firms, asset management firms and insurance firms around the world.