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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 I

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