AML AI SYSTEMS NEED ACCESS TO BIG DATA TO BE REALLY EFFECTIVE, SAY EXPERTS
July 1st, 2017
Greater collaboration between private sector organisations is the key to even greater use – and success – of artificial intelligence (AI) in combating money laundering, cross-sector experts believe.
Specialists from banking and finance, compliance, the legal profession, law enforcement and AI developers all concur that the most effective way forward in the ongoing anti-money laundering (AML) battle is to increase the amount of shared data.
A Financial Action Task Force (FATF) communiqué, released following a FATF FinTech and RegTech Forum 2017, staged in ...
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