FIGHTING FINANCIAL CRIME WITH AI
How Nordic financial institutions can leverage technology, such as artificial intelligence, to prevent money laundering.
“We can transform AML by enabling data and new techniques.”
Head of Financial Services / Itera
What you get:
For the last decades, financial institutions, particularly banks, have been making strenuous efforts to prevent criminals from introducing the proceeds of their crimes into the banking system.
By interdicting attempts to infiltrate the money transmission networks in this way it is hoped to prevent criminals from laundering their profits and subsequently using them in the legal economy. Currently, financial institutions rely heavily on human involvement in labor-intensive, manual compliance processes. However, this is about to change.
With this report, we aim to shed light on how Nordic financial institutions can best leverage large amounts of data and modern technology to prevent financial crime.
1. Financial crime and AML
An insight into financial crime, anti-money laundering and the financial institutions’ responsibilities and approach.
2. Current state of AML in the Nordics
Key issues Nordic banks are struggling with when it comes to anti-money laundering.
3. The next generation of AML
How AI and smarter use of data can enable banks to further prevent money laundering in the future.
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