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Mon 07 Jul 2007Banks' anti-rogue costs up 58%The cost of fighting money laundering has risen dramatically for banks across the world because of the need to recruit additional staff and install technology systems to detect suspicious transactions.A study from KPMG Forensic of 224 banks from 55 countries has found that banks' spending on anti-money-laundering systems rose by 58 per cent in the past three years - mainly due to transaction monitoring and staff training costs.