Financial services AI
AI in anti-money laundering
Using AI to detect, investigate or explain potential financial crime.
Also known as: AML AI
Definition
AML AI may prioritise alerts, link entities, analyse adverse media, summarise cases or support suspicious-activity investigations.
Why it matters
False negatives create financial-crime exposure while false positives consume investigators and can unfairly restrict customers.
Related concepts
- Know your customer
Processes for identifying customers and understanding their risk.
- Transaction monitoring
Analysing activity to identify potentially suspicious financial behaviour.
- False negative
A system misses something that is genuinely present or risky.