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Private banking COOs expect to spend more on AML

An overwhelming majority of Singapore-based private banking chief operating officers (COOs) say that anti-money laundering-related spending will continue to rise in 2018, according to an Asian Private Banker poll. Three-quarters (75%) of those surveyed at Asian Private Banker’s recent COO Leaders Conversation in Singapore said that AML spend as a percentage of their overall tech budgets will edge up next year,…

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