How AI can help reduce money laundering

Money laundering is big criminal business worldwide. Banks are tasked by the regulators with reducing the volume and value of money laundering over their services, but that's easier said than done. In response, many are now starting to use artificial intelligence (AI) to tune results, finding small anomalies within a large amount of data. In the fight against money laundering, banks need both scale and granularity. In most countries, the regulatory requirements make it difficult to track the success of anti-money laundering (AML) projects, however.