The following is a guest post by Brendan Cochrane, Partner at YK Law LLP.
Artificial Intelligence tools could revolutionize anti-money laundering efforts in cryptocurrency transactions. These tools can analyze far more transactions quickly than any human, helping banks and law enforcement keep up with the volume of transactions, of which there are millions per day.
Since popular money laundering strategies include making a number of rapid transactions between accounts, being able to identify suspicious transactions rapidly can give law enforcement an edge – but we need to remember that AI is not a panacea for combatting money laundering. Criminals, rogue states, and terrorists also have access to AI tools, which they can use to perpetrate more frauds and evade money laundering controls.
AI tools can help law enforcement find suspicious patterns in financial transactions much faster than humans.
According to researcher Mathieu Weill, AI can help reduce false positives in anti-money la
We współpracy z: https://cryptoslate.com/decoding-the-black-box-how-ai-is-unveiling-the-secrets-of-crypto-money-laundering/
