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Financial Crime Compliance Costs Exceed $206 Billion

AI and advanced analytics are being employed by 72% of financial crime professionals to enhance compliance procedures, but challenges such as data quality and legacy systems persist, according to LexisNexis Risk Solutions.

Study Reveals Conti Affiliates Money Laundering Practices

Contrary to the popular notion that ransomware hackers are sophisticated launderers of their stolen money, research shows they use straightforward mechanisms to transfer their bitcoin - allowing researchers to follow their money trail.

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