Practical Solutions

Predicting the Future: LLMs in AML Regulation
March – May 2025, Practical Solutions, Tech Scope, Understanding AI

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Generative artificial intelligence (GenAI)―especially large language models (LLMs)―has the potential to reshape industries through advanced language understanding and pattern recognition. In anti-money laundering (AML) compliance, LLMs can enhance transaction monitoring, improve risk assessment and automate report generation, program governance and investigations. Financial institutions (FIs) use...
Combating Financial Crime: Collaborative Efforts in the U.K. and Europe
AFC Challenges, Practical Solutions, World Digest

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Within the European Union (EU), legislative developments such as Article 75 of the EU regulations play a pivotal role in fostering a secure and cooperative environment for information exchange among law enforcement authorities of member states. This regulation mandates the establishment of designated single points...
Strategic Alliances: Public-Private Partnerships Against Financial Crime
December 2024 – February 2025, Practical Solutions

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This article is the first part of a two-part series on public-private partnerships established to fight financial crime. In an era of rapid technological advancements, our daily interactions and work routines have evolved to transcend traditional boundaries, enabling productivity from virtually any location. This digital...