The total annual cost for anti-money-laundering compliance for financial firms in Singapore, Indonesia, Malaysia and the Philippines is about US$6.09 billion. Photo: Antony Dickson

1MDB scandal fallout driving up regulatory costs for financial institutions in Asean, report finds

  • Compliance costs, which have risen 9 per cent to 10 per cent in the past 24 months in Southeast Asia, are set to increase further, according to LexisNexis Risk Solutions report
  • Annual costs still significantly below North America
Topic |   Asean

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The total annual cost for anti-money-laundering compliance for financial firms in Singapore, Indonesia, Malaysia and the Philippines is about US$6.09 billion. Photo: Antony Dickson
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