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Banking

Privacy fears slow spread of UK-style data-sharing to combat money laundering

Legal hurdles await race for European equivalents to UK AML partnership between banks and police.

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European banks are ramping up spending on the fight against financial crime, after a wave of money-laundering scandals on the continent.

However, industry insiders betray little optimism about the impact it will have on crime, let alone on banks’ reputations.




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