You are here

Anti-money laundering compliance costs Asia banks US$1.5b a year: report

Survey respondents expect cost to rise amid rising scrutiny of financial institutions and transactions
Friday, June 17, 2016 - 05:50

36751102 - 20_11_2015 - pixgeneric.jpg
Some US$1.5 billion per year has been spent in Asia for anti-money laundering (AML) compliance at banks, a recent study from LexisNexis Risk Solutions showed.

Singapore

SOME US$1.5 billion per year has been spent in Asia for anti-money laundering (AML) compliance at banks, a recent study from LexisNexis Risk Solutions showed. And the cost is only expected to head higher amid rising scrutiny of financial institutions and their commitment to

Powered by GET.comGetCom
sentifi.com

Market voices on:

Powered by GET.comGetCom