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How do banks detect money laundering?

On the Front Line
The IMF and UNODC estimate that $2.1 trillion is laundered by criminals each year, and the techniques used to launder dirty money are becoming more and more sophisticated.
Financial crime is increasingly cyber-enabled – but the techniques we use to help our customers spot it are also making use of the latest technology, thinking and skills. With cyber attacks used to open up more opportunities to steal, defraud and launder; the threat faced by individuals, financial institutions, companies and society continues to change rapidly.
 
The IMF and UNODC estimate that $2.1 trillion is laundered by criminals each year, and the techniques used to launder dirty money are becoming more and more sophisticated.
 

On the Front Line

 
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BAE Systems Team On the Front Line 26 June 2017