Anti-Money Laundering (AML)

Anti-money laundering (AML) refers to the use of KYC, transaction monitoring, risk assessments and reporting mechanisms by financial institutions to identify and disrupt illicit financial flows. Regulators have recently shifted their focus toward tangible results, prompting banks, payment providers and corporate expense platforms to accelerate the adoption of AI, continuous KYC, dark-web intelligence and cross-institutional collaboration to address risks including online fraud, human trafficking and gold-based money laundering. Key questions are whether new technologies can improve detection accuracy, reduce false positives and strike a balance among customer experience, privacy and compliance obligations.