95% SYSTEM GENERATED ALERTS AGAINST MONEY LAUNDERING ARE FALSE POSITIVE.

"95% of system-generated alerts against money laundering resulted in false positives.

Financial institutions have systems to monitor suspicious transactions, such as substantial cash deposits and frequent movement of funds from one bank to another. However, anti-money laundering statistics show that 95% of those system-generated alerts are false positives, costing firms billions of dollars every year in wasted investigation time."

SOURCE:

https://legaljobs.io/blog/money-laundering-statistics/

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