kyccost

Independent reference. Not legal or regulatory advice. Consult a qualified compliance specialist for advice specific to your jurisdiction and risk profile. See methodology.

Methodology and sources

Methodology and sources.

What this site is, what the cost ranges mean, where the figures come from, and what we do not do. The page is the destination for citation backlinks across the site; every figure on every other page traces here.

What this site is.

Independent reference. Not affiliated with any KYC vendor, regulator, or industry body. Published by Digital Signet for fintech operators pricing a vendor RFP, building a per-customer onboarding budget, or sanity-checking a quote.

The site is a reference document, not a sales asset. There is no email gate on the calculator. There is no chat widget. There is one advisory CTA in the footer; it is contextual and disclosed.

What the cost ranges mean.

Cost figures are presented as low / mid / high ranges. Low assumes mid-tier vendor pricing on a committed-use basis, efficient ops with junior-analyst-led case work, and conservative monitoring cadence. Mid assumes published-rate vendor pricing, industry-typical ops efficiency, and standard monitoring cadence. High assumes premium vendor pricing on a non-committed basis, less-efficient ops with higher senior-MLRO involvement, and aggressive monitoring cadence.

Per-customer figures are fully loaded: vendor checks plus screening cycles plus ops labour plus EDD overlay weighted by risk mix plus the year-one share of ongoing monitoring on the active book. Annual recurring figures are calculated against the active customer base size separately.

Sources, dated.

1.
FATF Recommendations
The 40 Recommendations and Interpretive Notes are the canonical international AML / CTF baseline. Most recent material amendment: February 2025 (replacement of "commensurate" with "proportionate" in risk-based-approach guidance); June 2025 follow-up risk-based-approach guidance encouraging simplified due diligence in lower-risk scenarios. fatf-gafi.org.
2.
Money Laundering Regulations 2017 (SI 2017/692)
The binding UK statutory instrument. Regulation 28 sets the CDD obligation; Regulation 33 enumerates EDD triggers; Regulation 37 enables SDD; Regulation 40 sets recordkeeping. legislation.gov.uk.
3.
JMLSG Guidance, current edition
Sectoral interpretation of MLR 2017 for UK MLROs. Part I (general guidance), Part II (sector-specific), Part III (specialised guidance). jmlsg.org.uk.
4.
FCA Handbook SYSC 6.3
Financial-crime systems-and-controls obligations on FCA-regulated firms. handbook.fca.org.uk.
5.
EU Anti-Money Laundering Regulation (AMLR)
Directly applicable EU regulation; transitional measures phasing in through 2027; AML Authority (AMLA) establishment alongside. eur-lex.europa.eu.
6.
6AMLD (Directive (EU) 2018/1673)
In force 3 December 2020. Historical baseline for EU AML; predecessor framework to AMLR. eur-lex.europa.eu.
7.
FinCEN CDD Rule (31 CFR 1010.230)
US baseline customer due diligence. Operates alongside the Bank Secrecy Act and the Corporate Transparency Act. fincen.gov.
8.
LSEG / Forrester True Cost of AML Compliance
Annual industry research. The $72.9M average annual KYC + AML spend at large institutions cited via FNZ, Fenergo and Lucinity originates here. Most recent edition cited where applicable.
9.
PwC Perpetual KYC: A new approach to periodic reviews
The 60-80% labour-saving benchmark on periodic-review process for institutions migrating to pKYC originates here. Cited on the ongoing-cost page.
10.
Fenergo KYC Compliance For Banks series
Operating-model and cost-driver decomposition for large-institution KYC programmes. resources.fenergo.com.
11.
Lucinity Real Cost of AML Compliance commentary
Labour-share benchmarks (41% of total compliance cost in Asia, similar pattern in Western markets) and false-positive reduction benchmarks (60-70% with AI-assisted triage). lucinity.com.
12.
TheCityUK / PwC UK financial services regulatory compliance research
The £33.9bn UK financial services regulatory compliance figure (~13% of operating cost) originates here.
13.
ComplyCube, Sumsub, Veriff, Persona, Trulioo published pricing
Used illustratively as the floor reference for vendor commercials. Per-check rates and platform minimums are public; enterprise commercials are negotiated and not represented.
14.
ONS UK compliance occupation labour-rate benchmarks (2025-2026)
Junior analyst £18-£28/hour fully loaded; senior MLRO £85-£180/hour. Used in ops-labour line throughout.

What we do not do.

No vendor ranking. Vendor names appear in descriptive context only. The site does not publish a "best KYC platform" list.

No paid placement disguised as editorial. Where an affiliate relationship exists with a partner, it is disclosed at the point of mention.

No cost figures sourced from a single vendor blog and presented as neutral benchmarks. Vendor figures are cited as such and used illustratively.

No cosmetic date-bumps. The site updates when statutory or regulatory references change, when major industry benchmarks publish a new edition, or when vendor pricing materially shifts.

Updates policy.

Updated when statutory or regulatory references change. Updated when LSEG, PwC, Fenergo, or Lucinity publish a new edition. Updated when a major vendor materially shifts published pricing. Not updated for "freshness" date-bumps.

All cost data lives in a single centralised file (src/data/kyc-costs.ts) so figures can be revised across the site without editing components.

The privacy boundary.

Every KYC programme also generates GDPR exposure: identity documents, biometric templates, and PEP-screening results are personal data with their own processing and retention rules. The cost of getting that wrong is not bundled into KYC vendor pricing. See gdprcompliancecost.com for the privacy-cost side of the same operating model.

Disclaimer.

Independent reference. Not legal or regulatory advice. Consult a qualified compliance specialist for advice specific to your jurisdiction and risk profile. Cost ranges are illustrative; vendor and audit firm pricing is negotiated and varies materially with volume, risk profile, and contract terms.