How Anti-Money Laundering Software are Preventing Financial Fraud?
As per United Nations Office on Drugs and Crime (UNDOC), the amount of money laundered internationally in a year is believed to be between 2 and 5% of global GDP or $800 billion and $2 trillion in today’s dollars. The overall quantity of money that goes through the laundering cycle is impossible to measure due to the anonymous nature of money laundering. Technology plays an essential role in finding the frauds. There are multiple anti-money laundering software available to track the laundering transactions. Anti-money laundering or AML software employs technology…Read More