The AI Advantage | Fighting Money Laundering with Innovation!

Artificial Intelligence (AI) is emerging as a promising solution to the challenges of inefficiency and high compliance costs in the fight against money laundering. This brief examines the capabilities, benefits, and challenges of AI in the context of detecting and preventing financial crime. The brief explores the ways in which AI can aid anti-money laundering efforts, particularly by reducing compliance costs and enhancing efficiency. The findings offer insights for policymakers, regulators, and financial institutions seeking to leverage AI to combat money laundering more effectively and efficiently.
Speakers:
Sameer Patil, Director, Centre for Security, Strategy and Technology, ORF
Sauradeep Bag, Associate Fellow, ORF
Devesh Rajadhyax, Author, Decoding GPT
Rajashree Rajadhyax, Co-Founder and CTO of Cere Labs Pvt. Ltd.
Vaishali Jadhav, Associate Professor, St. Francis Institute of Technology
Praveen Kamat, General Manager, Chief Information Security Officer & Head - Cyber Security Division, International Financial Services Authority (IFSCA)
#ai #artificialintelligence #financialcrime #moneylaundring #policymakers #regulators
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[@vyshark]

use of AI to assist in clearing backlog of judiciary system will also be impactful.

[@M.Martin-t8f]

On the matter of corruption sactioning,how can there not be?With this draws attention to the activity and possible fine and jail time for discouragement of such behavior.