What is Anti-Money Laundering? - IBM
Money Laundering Control Act: This act was created in 1986, and it made money laundering a federal crime. Its primary focus is to reign in money laundering by drug cartels. It allows the …
What is artificial intelligence (AI) in finance? - IBM
By analyzing intricate patterns in transaction data sets, AI solutions allow financial organizations to improve risk management, which includes security, fraud, anti-money laundering (AML), …
What Is Fraud Detection? | IBM
May 29, 2024 · From credit card theft to investment scams, account takeovers and money laundering, fraud is a widespread problem. The Association of Certified Fraud Examiners …
什么是反洗钱？| IBM
反洗钱 (aml) 工作包括旨在防止犯罪分子将通过非法活动获得的资金（或“脏钱”）兑换成合法收入或“干净钱”的法律、法规 ...
What is SOX (Sarbanes-Oxley Act) Compliance? | IBM
SOX compliance is the act of adhering to the financial reporting, information security and auditing requirements of the Sarbanes-Oxley (SOX) Act, a US law that aims to prevent corporate fraud.
What Is AI In Banking? | IBM
Apr 11, 2023 · Financial institutions and governmental agencies can also use AI systems to thwart other financial crimes like money laundering or impersonation. Enhanced APIs: Banking …
Central Bank Digital Currency (CBDC) & Blockchain: The Future of …
Aug 17, 2023 · Moreover, CBDC can reduce the risk of money laundering and terrorist financing. Blockchain technology can be used to create an immutable record of all transactions, making it …
What is robotic process automation (RPA)? - IBM
More than 1 in 3 bots today are in the financial industry, which is of little surprise given banking's early adoption of automation. Today, many major banks use RPA automation solutions to …
Enhancing regulatory compliance in the AI age by grounding
Dec 19, 2024 · Imagine a compliance officer needing quick insights into the latest regulatory changes affecting anti-money laundering (AML) policies. Traditional methods might involve …
What Is Model Risk Management? | IBM
Aug 15, 2024 · The technology can help assess credit and lending risk, create market models and aid in detecting financial fraud and money laundering. AI and machine learning can also be …