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A report from LexisNexis Risk Solutions says that financial services firms across the globe will pay $213.9 billion to fight financial crime in 2021.
The “projected total cost of financial crime compliance across all financial institutions reached $213.9 billion in 2021, surpassing the $180.9 billion recorded in 2020.” That projection is from the “True Cost of Financial Crime Compliance Global Report,” a white paper from LexisNexis Risk Solutions. Not surprisingly, the white paper also concludes that the “majority of...
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