LLM MODELS POSE SERIOUS RISK TO AML – REGULATORS AND OBLIGED ENTITIES MUST PREPARE
September 22nd, 2023
AML vendors are keen to promote the benefits of artificial intelligence (AI) in fighting ML and TF, helping obliged entities detect and block dirty money flows. But every technology can also be wielded by bad actors, and AI is no different. It can be abused to attack and evade KYC controls.
Indeed, ChatGPT itself has told MLB how it and its AI cousins might undermine AML/CFT controls.
Asked how this might happened, it said attacks might be made via AI assisted:
*Synthetic identity fraud generation through merging elements from multiple stolen identities to ...
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