Banks spend 40B USD on AML while only catching 1% of the proceeds from money-laundering which amounts to over 2.5 trillion USD every year. Legacy systems are inefficient, outdated, and lead to heavily manual processes.
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Banks spend 40B USD on AML while only catching 1% of the proceeds from money-laundering which amounts to over 2.5 trillion USD every year.
Legacy systems are inefficient, outdated, and lead to heavily manual processes.