The Asian Bankers Association (ABA) received an invitation from LexisNexis® Risk Solutions for ABA members to join their free webinar webinar on Key Insights from the True Cost of Financial Crime Compliance APAC Study to be held on April 3, 2024 at 14:00 SGT.

According to LexisNexis, this webinar will uncover insights from the new “True Cost of Financial Crime Compliance Study, 2023 Asia Pacific” conducted by Forrester Consulting and commissioned by LexisNexis® Risk Solutions. Surveying 271 respondents across Australia, China, India, Japan, and Singapore, the study projects that financial crime compliance costs will approach $45 billion in 2023.

The webinar will discover which of the regions are hit hardest by escalating compliance costs, what is the single driver for high compliance costs, and the correlation between cost and due diligence efforts. The webinar will also cover other topics including:

• The total cost of financial crime compliance in the APAC region
• Contributors to rising costs
• The main threats from financial crime and money laundering activities
• Recommendations for balancing compliance effectiveness and customer

PRESENTER

Ramanathan Sivabalan
Director Market Planning APAC, Financial Crime Compliance & Payments, LexisNexis® Risk Solutions

With over 22 years of experience in Banking, Financial Services and Insurance industries, Ram has a strong track record in leading the legal and compliance functions and effective business operations in various markets within Asia. He has previously held legal and compliance leadership roles at MUFG, Societe Generale and Future Generali.

About Lexis Nexis Risk Solutions

LexisNexis Risk Solutions is a part of the RELX corporation that sells data analytics products and various databases that are accessed through online portals, including portals for computer-assisted legal research, newspaper search, and consumer information.

For those ABA members interested in the subject, please register HERE.