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How does Enterprise AI help with anti-money laundering (AML)?

by | Mar 17, 2021

Anti-money laundering (AML) is a significant issue as money laundering will negatively impact every company affected by it in various ways from hefty penalties to the worst case scenario of forced business closure. The good news is Enterprise AI offers better accuracy in detecting potential AML issues.

AI also can mitigate human errors and the number of false positives. Since AI can learn, it can also recognize new patterns as human behaviors change.