Enhancing Anti-Money Laundering (AML) Strategies with Artificial Intelligence

Artificial Intelligence (AI) is revolutionizing various industries, and one area where its impact is particularly significant is in Anti-Money Laundering (AML) efforts globally. Financial institutions and regulatory bodies are increasingly turning to AI to detect, prevent, and combat money laundering activities. Here’s how AI is reshaping AML practices worldwide. 1. Improved Detection of Anomalous Transactions…