LexisNexis Risk Solutions True Cost of Compliance Study Infographic Key Findings 2

Incomplete risk intelligence can lead to incomplete compliance decisions.

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LexisNexis Risk Solutions True Cost of Compliance Study Infographic Key Findings 252% of annual compliance costs for mid/large financial services firms are typically attributed to labor costs.As financial crime compliance requirements become more complex, many organizations have responded by increasing their compliance teams and adding more staff. In the face of rising labor costs and increasing salary demands for positions that require specialized expertise, this is not a long-term solution.

Our infographic highlights key findings from the LexisNexis® Risk Solutions 2018 True Cost of Compliance Study. The infographic illustrates why the right combination of technology, risk intelligence and human resources plays an essential role in supporting effective compliance.


It takes a closer look into the rising costs of AML compliance and breaks down how the costs of highly-skilled compliance experts and the impacts of a tight labor market have contributed to an average 19% increase in AML compliance costs for financial services firms over the last 24 months.2 The infographic also details how incomplete tools and data can contribute to decisions that expose businesses to even greater financial crime compliance risk.


Find out how the right combination of technology, risk intelligence and human resources can enable your business to effectively manage increased alert volumes, productivity challenges and escalating compliance demands without adding additional team members.  Achieve sustainable, more effective financial crime compliance with insights from this infographic. 
1, 2. Source: LexisNexis® Risk Solutions 2018 True Cost of AML Compliance Study - United States edition

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This document is for educational purposes only and does not guarantee functionality on features of LexisNexis® products. LexisNexis® does not warrant that this document is complete or error free. LexisNexis® and the Knowledge Burst logo are registered trademarks of RELX Inc., used under license. Copyright® 2019
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