Hurdles to cross-border data sharing impede AML fight
Expansion of national initiatives is hampered by data-privacy and information-security fears
Legal roadblocks and questions around data privacy and information security are preventing the cross-border expansion of national data pooling initiatives designed to help improve anti-money laundering (AML) controls, according to financial crime experts.
“Intellectually, every crimefighter agrees that the current money laundering … is cross-border,” says Taavi Tamkivi, chief executive of Salv, an Estonian AML data-sharing technology company that has signed up a network of more than 20
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