NAVIGATING THE NEW AML COMPLIANCE LANDSCAPE

The recent pandemic has led to an uptick in financial crimes, a sudden rise in digital banking activities and resources working from home. As a result, the AML landscape has become more challenging for financial institutions and other AML regulated entities.

To navigate this evolving landscape many financial institutions are looking to adopt next generation AML capabilities powered by AI and machine learning techniques that offer improved effectiveness by significantly reducing false positives and the resulting operational costs, and increased efficiency by automating current processes and improving the quality of investigations and regulatory filings.

In this interview, ISMG spoke to SAS AML experts to discuss how next-gen AML works and where it is making a difference to organisations.