Geo-political uncertainty and evolving criminal methodologies like cybercrime are the biggest financial crime risks firms will face in the next 12 months, a report by LexisNexis reveals.

Future Financial Crime Risks 2017, a report published by LexisNexis Risk Solutions, the global information solution provider, also highlights that legacy technology systems are preventing firms from resourcing an effective response to underlying financial crime risks.

As part of the report, LexisNexis Risk Solutions surveyed nearly 200 senior professionals working in retail banks, investment banks and asset management firms and conducted in...