Using Artificial Intelligence to Combat Money Laundering

Banks and other financial institutions handle sensitive records regarding people, trusts, corporations. Money, as a useful commodity, makes organizations valuable prone to criminal elements. Common activities that target the banking sector include money laundering, identity personal theft, terrorism financing. These are global issues have garnered attention of international bodies governments. One method proposed deal with illicit finance laundering is artificial intelligence (AI). AI implements various algorithms techniques monitor customers, markets, transactions help identify habits. Understanding clients’ nature bank transfers enables prevent combat laundering. This research offers an understanding how used in system fraudulent such It organized into five chapters covering aspects