True Cost of Financial Crime Compliance Study 2023: U.S. & Canada

82% of U.S. firms cite increasing geopolitical risk as a top external trend driving up costs

Take a closer look into the impacts evolving sanctions, digital acceleration and rising inflation are having on U.S. and Canadian financial crime compliance programs.

• See where businesses are focusing extra spend.
• Understand how the Anti-Money Laundering Act of 2020 (AMLA) requirements and evolving geopolitical risks are creating new cost and productivity pressures.
• Explore the cost increases and due diligence delays driven by financial crimes tied to digital payments and cryptocurrency.

59% of U.S. and 70% of Canadian firms say financial crime compliance has a negative impact on customer acquisition

Our study shares strategies to optimize an effective response to today’s compliance risk realities of the digital economy and increased regulatory velocity. Find out how compliance programs incorporating third-party due diligence tools are realizing cost savings and productivity gains.

Explore the full study to learn strategies to control financial crime compliance costs and contend with today’s evolving regulatory pressures.