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AML efforts stymied by lack of qualified staff, PwC finds

Euro notes in a suitcase. Photo: iStock.
Despite constant new regulations and sophisticated technology, one of the main reasons why money-launderers and terrorism financiers continue to succeed is a simple lack of qualified personnel able to make effective use of such tools, according to a recent survey carried out in the Europe, Middle East and Africa (EMEA) region by global accounting firm PwC.
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