Results from the recent LexisNexis® Risk Solutions 2019 True Cost of Compliance Study paint a complicated anti-money laundering (AML)/Bank Secrecy Act (BSA) compliance picture. Financial services firms are facing a myriad of operations issues and cost pressures as regulatory requirements increase in complexity.
Our infographics illustrates the findings from the LexisNexis® Risk Solutions 2019 True Cost of Compliance Study and provides detailed insights into the current compliance outlook for firms in the U.S. and Canada. It also highlights how targeted compliance technology can improve long-term productivity and performance.
The infographic explores the impact of stringent compliance expectations on staffing and employment:
The infographic also details future concerns, including:
The infographic charts expectations around technology use and industry developments, including:
The infographic also illustrates the relationship between targeted compliance technology and productivity and performance across key onboarding and customer acquisition workflows:
Explore the current anti-money laundering and financial crime compliance climate for firms in the U.S. and Canada with insights and detailed perspectives from the LexisNexis® Risk Solutions 2019 True Cost of Compliance Study. Find out how your biggest compliance concerns and challenges compare to industry peers and take a closer look at how targeted compliance technology can play a contributing role in your long-term financial crime compliance strategy. Explore the complete infographic here.
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