Financial Crime Financial Crime

Digital financial crime increases, driving up compliance costs, study says

By Richard Vanderford
  • 01 Oct 2021 15:20
  • 01 Oct 2021 15:20
Instances of financial crime involving digital payments and cryptocurrencies continue to rise, a trend leading to new regulation and attendant higher compliance costs for financial institutions, a new study said.

More novel forms of financial crimes are the largest force behind increasing compliance costs for US and Canadian institutions, LexisNexis Risk Solutions said in

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