Whitepapers

In 2023, UK financial services, including banks and fintechs, spent a staggering £34.2 billion annually on financial crime compliance (FCC), up 19% from 2020. This surge reflects the complexities of regulatory landscapes and advancing criminal threats.

As 2024 begins, we look ahead at the conditions set to play out over the next few months, including higher interest rates, potentially moderating (albeit still troubling) inflation and, of course, ongoing regulatory pressures and regulatory change.