By Maya Lester KC & Michael O’Kane

UK spends $49.5bn on financial crime compliance in 2019

According to the True Cost of Financial Crime Compliance Study 2020, which surveyed 900 compliance professionals globally, the UK spent a projected $49.5bn on financial crime compliance 2019, Germany spent $47.5bn, and the US $26.4bn. Download the report here. Reasons for the UK and Germany’s costs include increasingly complex regulations, data privacy limitations, sanctions violations and increased enforcement, resulting in …

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About Maya Lester KC

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Maya Lester KC is a senior barrister (King’s Counsel) at Brick Court Chambers with a wide-ranging practice in public law, European law, competition law, international law, human...

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