Cutting the cost of AML Compliance in Wealth Management Firms
According to LexisNexis Risk Solutions’ latest report, ‘Cutting the Cost of AML Compliance’, UK financial services firms are collectively spending a massive £28.7bn on their AML compliance activities annually. We’re joined by one of the authors of the report, Nina Kerkez, director of consulting at LexisNexis® Risk Solutions, and Brian Swanston, UK Head of FCC Advisory at Fidelity International, to discuss what’s driving these costs...
According to LexisNexis Risk Solutions’ latest report, ‘Cutting the Cost of AML Compliance’, UK financial services firms are collectively spending a massive £28.7bn on their AML compliance activities annually.
We’re joined by one of the authors of the report, Nina Kerkez, director of consulting at LexisNexis® Risk Solutions, and Brian Swanston, UK Head of FCC Advisory at Fidelity International, to discuss what’s driving these costs and how wealth management firms can reduce their regulatory burden.
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Financial Crime
Protecting against activities like fraud, money laundering, and market abuse, threatening financial system integrity and consumer protection.
