Recent Release|14 July 2021
Cutting the costs of AML compliance
Thought Leadership Team
Oxford Economics
How technology and data can help reduce the costs of compliance and improve the effectiveness of controls.
Oxford Economics and LexisNexis Risk Solutions surveyed 301 leaders within financial compliance, as well as conducting in-depth interviews, to try and get a clear picture on the true cost of compliance for UK firms.
Our research used a cost model to estimate total annual compliance costs for the sector of £28.7 Bn and rising, with the complexity of complying with increasing regulation the most important cost driver, above the increase in criminal activity. The research was written up by LexisNexis Risk Solutions in a report in June 2021.
About the team
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:
John ReinersManaging Editor, EMEA, Thought Leadership, Oxford Economics
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