Artificial Intelligence

Explore the transformative world of AI in financial compliance, where machine learning and automation are revolutionizing risk management and reshaping regulatory frameworks.

Lessons from the Flight Deck

Automation and artificial intelligence, including machine learning, have the potential to provide significant benefits within financial services – however they must be implemented responsibly. In this article, we draw on the use of automation in other sectors such as aviation, review key global regulations, and examine regulatory enforcement actions, to identify best practices for responsible use of AI in compliance.

Tech vs. Corruption

As corruption continues to pose significant challenges across various sectors, including government agencies, traditional banking institutions, and designated non-financial businesses and professionals (DNFBPs), innovative technological solutions are proving to be essential in combating these issues. This article highlights how blockchain, AI, and data analytics are revolutionizing the fight against corruption.

AI in Crypto Security: Navigating the Dual Edges of Innovation and Vulnerability

As cryptocurrencies gain mainstream acceptance, they also become a new frontier for financial crimes, including money laundering, fraud, and the financing of terrorism. Amidst this burgeoning digital economy, AI emerges as both a beacon of hope to help prevent crimes and a potential threat, giving illicit actors additional resources to move proceeds of crime. The dual nature of AI in combating or facilitating crypto-related financial crimes presents a complex puzzle: Is AI a harbinger of risk or the ultimate solution to mitigate it in this digital age of ambiguity?