Infographic: The Hidden Costs of Hiring for AML Compliance Programs

Swimming in BSA/AML alerts? Facing an increase in alerts due to seasonality in your market? If your financial institution has a backlog of alerts created by your AML software for transaction monitoring, it can take time and more personnel to work through them. Should you hire? There are many costs of hiring for an AML compliance program to keep in mind as you make this decision. This infographic outlines some key considerations using basic assumptions as you evaluate your AML resources.

Download to learn:

  • Direct costs and additional considerations when hiring an additional full time employee for your AML compliance program
  • Estimated timeframes for when a financial institution sees value from a new hire
  • Reasons your institution may need assistance with alert management

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