Technology briefs
AML technology is not enough, say experts
"Administering the whole anti-money laundering (AML) framework across institutions will require a substantial amount of resources," said Breffni McGuire, senior analyst for the global payments practice at TowerGroup, based in Needham, Massachusetts, in a recent webcast on AML issues. "The challenge might have been underestimated in the beginning," McGuire said. In her presentation, in the early November webcast organised by technology firms SAS and IBM,
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