How Artificial Intelligence Helps Catch Financial Criminals

From iPhone's Siri to Amazon's Alexa, from Google Maps to Netflix recommendations, and from customer service chatbots to the airplanes' autopilot, artificial intelligence (AI) has seeped into our daily lives. It will soon impact every facet of our daily lives from driverless cars to smart homes. Where AI is making a real difference is in catching criminals. Globally, United Nations Office on Drugs and Crime (UNODC) estimates that 2-5% of global GDP, or $800 billion to $2 trillion, is laundered annually. Money laundering is closely tied to other serious offenses such as terror financing, drug trade, human trafficking and corruption.