Tag: compliance costs

Navigating KYC and AML in 2023: Trends and challenges in the banking sector

Navigating KYC and AML in 2023: Trends and challenges in the...

2023 has brought forward unique challenges and trends in the KYC (Know Your Customer) and AML (Anti-Money Laundering) landscape, as revealed in a survey...

BIS Innovation Hub uses AI and data analytics for efficient money...

The BIS Innovation Hub has found that a number of key tech developments have proven to be superior for detecting money laundering networks.

90% of financial services see rising compliance costs – SteelEye survey...

Nine in ten financial services firms have reported an increased compliance cost over the past five years, with 10% saying costs have doubled, according to research from RegTech firm SteelEye.

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