- November 7, 2017
- Posted by: David Tabaka
- Category: AML/KYC, Compliance, Market Data, News, Risk
Burton-Taylor International Consulting LLC report shows spending on AML and KYC Data Solutions tops nearly $500 million as firms continue to invest in and adjust their KYC programs.
Spending on data to support regulation-related functions has boomed over the last five years, according to the first report on the Anti-Money Laundering and Know Your Customer landscape by Burton-Taylor International Consulting—part of interdealer broker TP Icap’s Data & Analytics division—as firms increasingly turn to external suppliers of AML and KYC data and information to help them beef up cybersecurity and meet legal