Is your financial firm equipped to fight crime? See how Accenture and Ripjar can help you in your fight to stop criminals and protect your business.
Accenture and Ripjar
Fighting financial crime can be a costly endeavor
Between $800 billion and $2 trillion is laundered annually, according to the United Nations Office on Drugs and Crime.2
Financial firms are spending an average of $60 million annually to meet AML requirements and prevent crime. Larger firms spend up to $500M to comply with AML, KYC and CDD.3
The past decade has seen a collective $26 billion in fines imposed on financial firms for AML and KYC non-compliance. That number is rising.4