We’re excited to share our latest article authored by our Managing Director, Jennifer Hanley-Giersch, featured in ACAMS Today.
In the article, Jennifer argues that AI can significantly enhance anti-financial crime (AFC) processes by swiftly analyzing large datasets for know-your-customer and transaction monitoring. However, the technology poses risks around transparency, data protection, and fairness—especially under the EU’s AI Act, which designates many AML/CTF applications as “high-risk.” Robust governance, including explainability, data quality, and human oversight, is essential. While banks have been slow to adopt AI amid these concerns, successful integration can streamline AFC efforts and free up resources for more critical risk management.
👉 If you are an ACAMS member, you can read the full article here: https://lnkd.in/d3B43XdK