Deep learning: the next frontier for money laundering detection

Monitoring transactions for suspicious ones can be more efficient. All it takes is doing it intelligently. Up to $2 trillion dollars representing 5% of global GDP – that's the estimated amount of money laundered worldwide each year according to the United Nations Office on Drugs and Crime. The fight against money laundering is one of top priorities of financial institutions – but it also poses a significant challenge for them. To combat the phenomenon, one needs to have a large number of human and technology resources at hand.