Understand the True Cost of Financial Crime Compliance

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Answer Escalating Cost and Regulatory Pressures With Insights From Our 2022 Study

$56.7 billion is the total projected cost of financial crime compliance in the U.S. and Canada for 2022, up 13.6% from 2021

Control financial crime compliance costs and navigate evolving geopolitical conditions

Compliance teams are facing rising costs and regulatory pressures as global sanctions, digital demands and macroeconomic stresses continue multiplying. How can businesses control costs in an increasingly complex compliance environment?

Explore the latest findings from the LexisNexis® Risk Solutions 2022 True Cost of Financial Crime Compliance Study: U.S. and Canada Edition. You’ll learn research-driven insights into the current financial crime compliance outlook.

73% of U.S. firms report an increase in financial crime compliance costs over the past 12 months

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.

Watch the LexisNexis® Risk Solutions 2022 True Cost of Financial Crime Compliance Study Video

This document is for informational purposes only and does not guarantee the functionality or features of LexisNexis Risk Solutions products identified. LexisNexis Risk Solutions does not warrant this document is complete or error free.
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