The value of artificial intelligence deployment for anti-money laundering and counter-terrorism financing

Thursday 25 Jan 2024 | Mobile Money | Mobile money subject | Report |

The value of artificial intelligence deployment for anti-money laundering and counter-terrorism financing image

Organisations worldwide are increasingly integrating artificial intelligence (AI) into various business operations. This report explores the diverse AI tools applicable to tasks related to Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) compliance. Based on insights gathered from a survey conducted with financial institutions, the report outlines the advantages of deploying AI, potential challenges in compliance, and industry barriers. It concludes with recommendations for implementing sustainable AI solutions in the mobile money industry.

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