Understanding AI

Understanding AI
Dedicated to exploring the critical role of artificial intelligence (AI) and other advanced technologies in combating financial crime, Understanding AI is your guide to the future of anti-financial crime. These tools continue to revolutionize the detection and prevention of fraud, money laundering, and other illicit activities, while highlighting the latest innovations, trends, and best practices that enhance financial security and integrity. The column serves as a valuable resource for professionals seeking to stay informed about cutting-edge developments in AI-driven financial crime prevention.

AI-driven AML strategies: Compliance, risk mitigation and regulatory best practices
Compliance, June – August 2025, Regulatory Initiatives, Understanding AI

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Recent case studies, including high-profile artificial intelligence (AI)-driven fraud incidents in Hong Kong1 and India,2 highlight the growing threat of AI-enabled financial crime, particularly in the Asia-Pacific region. At the same time, some leading FIs3 are adopting AI-enhanced anti-money laundering (AML) programs, utilizing natural language...
Transforming model validation in sanctions screening
June – August 2025, Sanctions, Tech Scope, Understanding AI

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Artificial intelligence (AI) and machine learning are positively impacting sanctions screening. More organizations are benefiting from reducing false positives, improving match accuracy and, overall, making screening engines more efficient. However, what about the other side of the equation―making sure those screening engines are doing their...
AFC Superhumans: Leadership DNA and Targeted Skills Acquisition
Career Guidance, Exclusive, Understanding AI

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Behind every successful anti-financial crime (AFC) and anti-money laundering (AML) program, you will find professionals who possess something more elusive—an exceptional blend of leadership prowess, relationship-building finesse and cross-cultural communication skills that elevate their impact beyond traditional compliance roles. These intangible qualities are the difference...
AFC Superhumans Filling Job Market Gaps
Career Guidance, Featured Column, Understanding AI

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Top financial institutions are seeking a new breed of anti-financial crime (AFC) professionals—those who can seamlessly integrate advanced technological skills with traditional compliance expertise while maintaining a human touch. These “AFC superhumans” possess a unique blend of technical acumen, interdisciplinary knowledge and intangible soft skills...
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...