Tata launches unit covering AML

Indian giant launches AML service

Giant Indian IT services company Tata Consultancy Services (TCS) is forming a new business unit that will offer anti-money laundering (AML) services, among others. The new unit, TCS Financial Solutions, will employ a separate management team from TCS, and will have sales, support and product management offices in New York, London, Zurich, Beijing, Sydney, Sao Paulo and Bangalore.

TCS explains the rationale for the move by pointing out that its range of financial products and the importance of

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