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Banks looking to curb costs by outsourcing their anti-money laundering duties should be cautious before signing on the dotted line with third-party vendors, say compliance experts. Increasingly, U.S. and European banks have looked abroad to cheaper labor pools to cut the costs of sifting through the data from transaction monitoring software, according to Rajesh Menon, a practice leader with the compliance division of India-based Infosys Consulting. But how these offshore bank arms and third-party firms operate has become a more pressing question for bank examiners in the light of a $1 billion accounting scandal at New Delhi-based Satyam Computer Services...