7 Tips On How AI Can Help Compliance to Prevent Moneylaundering
Artificial intelligence (AI) can play a significant role in helping Compliance prevent money laundering. Here are some ways AI can assist with anti-money laundering efforts: 1. Risk-based approach: AI can be used to implement a risk-based approach to anti-money laundering, where it analyzes customer data and transaction patterns to identify higher-risk accounts and transactions that require additional scrutiny. 2. Automated transaction...