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The BEINGRID project partners, among which INNOVA, tracked suspicious money laundering transactions by using cloud computing services. Experts say profit seizure is one way to nab criminals. The problem, however, is that innovative advances in IST have made criminals very tech savvy. Figures show that billions of transactions occur in banks each week and it is becoming a challenge for law enforcers to stop the criminals.
Read more on the EC-Information center- published 25 March 2010