Australian AI spots dodgy deals that look like money laundering

WHEN it comes to following the money, the authorities have their work cut out. Every year, criminals are thought to launder more than 1.5 trillion worldwide. Which is why Australia's financial intelligence agency is turning to AI for help. In Australia, the scale of the problem could amount to some US 4.5 billion annually. There, the task of cracking down on illegally obtained funds falls to the Australian Transaction Reports and Analysis Centre (AUSTRAC).