The (not so obvious) top 3 cost drivers of Anti-Money Laundering compliance

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June 13, 2017
Anti-money-laundering (AML) compliance and the related costs of compliance with applicable regulations are sometimes cited as impediments to doing business. Though compliance may come at a cost, those associated with non-compliance may be greater.  To better understand and manage AML-compliance costs, financial institutions should look to cost drivers such as transaction-monitoring systems, customer due-diligence files, dashboards, etc., and focus on the core fundamentals necessary to create an environment with a robust AML-control structure that will add enterprise value.