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How we use AI to fight financial crime

CFT

Over the last decade, US authorities have expressed concerns about the role played by illicit finance in high-end residential purchases. International bodies such as the Financial Action Task Force (FATF) have also expressed concern. In particular, FATF highlighted real estate agents’ lack of regulatory coverage in the Bank Secrecy Act (BSA), the country’s main AML/CFT legislation.

money laundering dollar bills

Money laundering underpins most forms of organized crime by disguising illicitly-obtained financial assets as “clean” and allowing nefarious groups or individuals to profit from illegal activity. While the amount of money laundered globally in one year is estimated to equal […]

Third party money laundering

In the global financial landscape, supply chains are crucial to the delivery of goods and services, with third-party relationships connecting companies and sectors across jurisdictions. The integration of effective supply chains into modern business infrastructure allows firms to acquire resources, […]