Machine Learning and AI - Changing the Anti-Money Laundering Solutions Game
Money laundering is a crime that generates many costs, from financial losses through to human lives. In an effort to stem the tide of financial crime, financial institutions worldwide are now increasingly investing in AML Solutions. In fact, in 2020, they spent an estimated $214 billion on financial crime compliance. The potential cost to the business of extensive money laundering - as well as the penalties that are being handed out by regulators in ever higher numbers, make these investments...
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