Blog

Contego: How to Control the Cost of Compliance

BCA Trade Partner, Contego - which provides comprehensive risk scoring and anti-fraud measures - discusses a "sea-change" in the way regulatory compliance is approached. Read the article in full on their blog.

How do businesses go about controlling the costs of regulation? - By Richard Ingles, Contego

Since the financial crisis of 2008, we have witnessed a sea-change in approach to regulatory compliance.

It became clear that much better frameworks were needed to ensure that companies performed their AML/KYC due diligence checks.

Against a background of high-profile fraud cases and the spotlight on money-laundering, the banks and financial services companies have responded by beefing up their compliance teams to combat the ever-shifting regulatory landscape. But at what cost?

To remain competitive, companies must have a stringent process in place. Good governance helps businesses become more efficient, but if a business chooses to neglect this, it can lead to fines, loss of revenue and more importantly a damaged reputation.

So how do businesses go about controlling the costs of regulation? Read more in thisĀ blog post or watch the video below featuring Adrian Black, founder of Contego.


You have not added any business centres, partners or brokers to your shortlist, do you want to continue?