E70: What 2024 has in store for financial crime

The start of a new year often means money is flowing and big plans for the new year are being put into place. Statistics from LexisNexis suggest £34.2 billion is spent each year on financial crime compliance by financial services in the UK. So how do you make sure that all spending is going in all the right places? In the latest episode of The Laundry – our expert host, Marit Rødevand, is joined by Emma Hagan , Chief Risk and Compliance Officer at ClearBank . Together they discuss: the challenges of getting a budget signed off internally, the essential spending for banks and financial services of all sizes, and the room for experimentation. Producer: Matthew Dunne-Miles Engineers: Dominic Delargy, Nicholas Thon