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How Financial Institutions Deal With Compliance in a Post-Covid World – Bankless Times

How Financial Institutions Deal With Compliance in a Post-Covid World – Bankless Times
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US Financial Crime Compliance Costs Surged In 2020: Survey

Projected spending by U.S. financial institutions on financial crime compliance shot up by one-third to $35.2 billion in 2020 compared to the previous year, in part due to "increased due diligence times and costs" brought on by the COVID-19 pandemic, according to a new report that surveyed more than 1,000 compliance professionals globally.

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