Fighting Money Laundering with Intelligent Automation

The world of money laundering and other financial crimes is changing rapidly. This International Institute for Analytics research brief shows how fraudsters and money launderers keep getting more sophisticated. It also discusses how the COVID-19 pandemic is increasing their opportunities for crime. When such widespread fraud happens, the financial institutions disbursing the funds can be held partially accountable, even when it’s the governmental controls that were lax. The means of improvement is intelligent automation. Read this paper to discover how financial organizations can increase automation with AI, machine learning and predictive analytics to flag cases, identify patterns and analyze entire networks of criminals.