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This month, Capital One will begin using the same technology platform to monitor its commercial banking services for indications of fraud that it uses for anti-money laundering (AML), providing corporate customers with a major benefit they’ll never directly see: safer accounts. Stronger measures to prevent financial crimes have become increasingly important for banks, as perpetrators have become more sophisticated and the courts have sided with corporate plaintiffs suing banks for inadequately protecting their accounts.Recommended Stories
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U.S. Senator Ron Wyden says the massive hack on the company’s Change Healthcare subsidiary was preventable.
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