Technology vendors see profits rise from war on terrorism


-- Anti-money laundering technology vendors look set to be winners in the global war on terrorism. As governments and regulators increase pressure on banks to crack down on money laundering and terrorist financing, vendor products and services are more in demand than ever before.

Legislation such as the USA Patriot Act is forcing financial institutions to tackle money laundering. The Patriot Act was passed by the US Congress in 2001 to give law enforcement and intelligence agencies

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