The Regulatory Burdens of AI in AML Investigations

Tamara Tanaskovic
Nov 5 · 6 min read

Fighting money laundering is one of the most compelling tasks financial institutions have to face. Given the low impact of current Anti-Money Laundering (AML) efforts, combined with the increasing complexity of threats and growing volume of data to analyse, it is now indispensable to explore the extents and limits of Artificial Intelligence (AI). The evolution of RegTech has transformative effects on finance and its regulation, as the market moves from relying on Know-Your-Customer (KYC)-type information to a Know-Your-Data (KYD) paradigm. Regulators need to foster…

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