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AML RegTech: Do the benefits outweigh the cost?

International money on a PC keyboard.
Photo: Getty Images

Dr Mariola Marzouk and Dr Nicholas Gilmour discuss the skepticism surrounding global governments’ support of AML RegTech following the financial crisis.

Although a distant memory for some, the taxpayer-funded bailouts triggered by the 2008 financial crisis highlighted how government financial services regulators were caught off guard and completely unprepared in their response.

The public anger that ensued was substantial. It may have been a knee-jerk reaction or an attempt by governments to