June 16, 2019
LexisNexis® Risk Solutions today released its latest APAC (Asia Pacific) survey, The True Cost of Anti-Money Laundering (AML) Compliance: Asia Pacific Edition. The report finds that AML compliance costs rose 9% to 10% during the past two years with growth expected to continue at a similar rate over the coming year.
The report represents the views of decision makers within the financial crime function who oversee Know Your Customer (KYC) remediation, sanctions monitoring and/or AML transaction monitoring at banks, investment firms, asset management firms and money services bureaus across Indonesia, Malaysia, Singapore and the Philippines.