Money laundering implicating Generative Artificial Intelligence (AI) seriously threatens financial systems worldwide.
#artificial intelligence (ai)
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As we leave behind a year of extreme activity for compliance teams thanks to global events and new regulations, we will discuss a few trends that potentially shape the AML industry in the coming year.
The Wolfsberg Group, a group of 13 global banks that aims to develop frameworks and guidelines for the management of financial crime risks, particularly in relation to customer recognition, anti-money laundering and terrorism financing policies, published the Wolfsberg Principles for Using Artificial Intelligence and Machine Learning in Financial Crime.
Artificial Intelligence is taking a significant part in the world, but how is it helping financial institutions meet their compliance challenges?
The advent of big data, ie the ability to access a previously unimaginable amount of data opens up many new fields of activity for companies.