Webinar on The Cost of Compliance in APAC on 16 May 2024

The Asian Bankers Association (ABA) and LexisNexis Risk Solutions are inviting ABA members and friends to join the webinar on Navigating the Impact: Financial Crime Compliance Costs in APAC to be held on 16 May 2024, 2PM Singapore Time.



LexisNexis® Risk Solutions released the findings of its latest True Cost of Financial Crime Compliance Study – Asia Pacific. The commissioned study conducted by Forrester Consulting reveals that financial crime compliance costs increased for 98% of financial institutions in 2023.

In fact, the total cost of financial crime compliance in the APAC study countries has reached US$45 billion. Consequently, financial institutions (FIs) are seeking ways to reduce costs while complying with regulations, with 39% identifying the escalation of financial crime regulations and regulatory expectations as the primary factor driving increases in compliance costs. Eighty-one percent (81%) of FIs are prioritizing compliance program cost cutting in the next 12 months.

We invite fellow ABA members and friends to dive together into these findings and join two industry experts, Julia Chin, Principal of JFourth Solutions, and Ramanathan Sivabalan, Director of Market Planning, APAC Financial Crime Compliance and Payments at LexisNexis Risk Solutions, as they decode the implications, offering actionable recommendations on navigating today’s evolving landscape of Financial Crime Compliance (FCC).

Participants will be able to learn how effectively manage rising compliance costs, tackle digital financial crime threats, and optimize FCC program without compromising business goals. We encourage you to take advantage of this opportunity to stay ahead in the ever-changing world of financial compliance!

The 60-minute webinar will be moderated by Shirish Pathak, Managing Director, Fintelekt Advisory Services, Ltd.



14:00-14:05 Opening Remarks by Moderator, Mr. Shirish Pathak.

14:05-14:20 Insight from Financial Crime Compliance Costs in APAC by Ramanathan Sivabalan.

14:20-15:00 Panel Discussion: Navigating the Impact: Financial Crime Compliance Costs in APAC & Q&A with Julia Chin, Ramanathan Sivabalan and moderated by Shirish Pathak.

15:00 End of Webinar




Click HERE to register.


About LexisNexis Risk Solutions

LexisNexis® Risk Solutions harnesses the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. We offer businesses global solutions for Financial Crime Compliance, Fraud & Identity Management and Payments Efficiency.

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