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U.K. Banks See Big Jump in AML Hiring, Survey Shows

Roberta Holland | August 20, 2014

Hiring of anti-money laundering staffers by banks in the United Kingdom skyrocketed last year, growing by 54 percent, according to a recent survey.

London-based recruitment firm BrightPool reported the jump, with 2,157 new anti-money laundering jobs created in the U.K. in the past year, according to reports this week in Recruitment International and the Financial Times. Those jobs range from case handlers reviewing items flagged by automated AML systems to operational managers overseeing quality control, Recruitment International reported.

BrightPool found a corresponding jump in wages of 17 percent for AML contractors, with some banks hiring as many as 100 contractors at a time. Those...

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