Infographic: Money Laundering & AI

Money Laundering is a multi-billion-dollar problem for banks and governments alike. It’s not just one of the most common types of financial crimes – it’s also increasing rapidly, taking a significant toll on financial institutions, that struggle to keep up with this growing threat with traditional AML software.

Facing this growing global threat, AI solutions introduce a new set of AML competencies that dramatically increase the detection accuracy of suspicious money transfers, helping avoid government-imposed fines for failing to comply with AML regulations.

The following infographic illustrates some of the key costs (both direct and indirect) associated with money laundering, as well as the potential savings that can be delivered with a robust AI solution customized around the AML use-case: