AML Compliance in the Era of AI & Machine Learning
Reading Time: 3 minutes Introduction The need to have efficient AML compliance programs has never been as great as in the modern financial environment. Regulators all over the world increase their scrutiny of financial institutions, fintech firms, and even big corporations. As AML regulations grow tighter and organizations face possible heavy fines, they must be able to be innovative to keep ahead. Artificial Intelligence (AI) and Machine Learning (ML) have become potent instruments to revolutionize the way companies perform AML audits, oversee transactions, and…
