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What is the true cost of financial crime compliance?

Arctic Intelligence | Tranche Two AML/CTF increased transparency bill

OPINION: Earlier this week LexisNexis Risk Solutions released the results of its global True Cost of Financial Crime Compliance Study which polled nearly 900 financial crime compliance decision makers and found that financial institutions spent $181 billion on financial crime compliance last year.   In Europe, financial institutions spent 3 to 4 times ($137bn) what their nearest…

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Risk management during COVID-19

Arctic Intelligence | ACAMS Australasia 2022 Recap

OPINION: Last week, the President of FATF has issued a statement encouraging the governments of FATF-member countries to utilise the principles of the risk-based approach in addressing challenges presented by COVID-19, as well as, remaining vigilant to new and emerging threats resulting from an increase in fraud and exploitation scams including trafficking in counterfeit medicines,…

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