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 and how wealth management firms can reduce their regulatory burden.