It’s a bit surprising to hear identity theft called “the greatest emerging financial crime threat,” given the number of years the problem has been around, but that was the number one choice of 30 AML execs from global, national and regional banks surveyed by AML vendor Fortent.

Some 52 percent of those surveyed listed ID theft as the greatest emerging threat; filling out the ranks were “virtual world” payment systems, electronic checking, employee fraud and stored value cards.

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