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AML And Cybersecurity A Match Made In Heaven, Experts Say

Industry figures have urged financial institutions looking to combat cybercrime to draw on lessons from the world of anti-money laundering (AML) and establish a more effective system of prevention and cure.

With an ever-growing emphasis placed on cooperation, information sharing and rigorous data analytics in AML compliance, a panel of experts at this week’s SWIFT Business Forum suggested that businesses should extend those practices to building resistance to cyberattacks.

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