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US regulators push for new technology to tackle financial crime

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The Federal Reserve Board along with four other regulatory agencies - the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network (FinCEN), the National Credit Union Administration, and the Office of the Comptroller of the Currency - say they want depository institutions to explore innovative approaches to both meet their Bank Secrecy Act/anti-money laundering (BSA/AML) compliance obligations and to further strengthen the financial system against illicit financial activity.

From US regulators push for new technology to tackle financial crime.

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