New Anti-Money-Laundering Tool Could Overcome Privacy Concerns
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Lenders in a country at the center of one of Europe’s largest dirty-cash scandals are testing a new anti-money-laundering system that doesn’t interfere with banking privacy.
Local units of Swedbank AB and SEB AB, as well as their smaller rivals Luminor Bank AS and LHV Pank AS, will join a six-month pilot project by technology startup Salv to create a secure data-exchange tool with financial watchdogs in Estonia.