Over the past several years, big data, artificial intelligence and machine learning have seen explosive growth across industries like entertainment and commerce. AI has been integrated into shopping experiences to provide chatbot services, analyze customer comments and offer personalized approaches to online shoppers. It has also been employed to make daily experiences -- like GPS-based navigation -- more convenient. More recently, these technological innovations have been making their way into healthcare. In fact, the global healthcare AI market generated $8.23 billion in 2020, and is estimated to reach $194.4 billion by 2030, according to Allied Market Research.

Today's global sanctions regimes have arguably never been more challenging for organisations to ensure they remain compliant and have the required screening processes and procedures in place. Over the past decade, trade and economic sanctions have become an ever more popular tool of foreign policy in an increasingly uncertain geo-political climate. Aside from country-specific sanctions, such as those against Iran, Russia, North Korea, etc, more targeted regulations focus upon particular businesses or individuals. As a result, national and international AML, screening and anti-fraud obligations have increased in both scope and complexity. Failure to comply with sanctions and money laundering obligations, can result in severe financial and reputational costs.