Implementing AI for AML requires resolute leadership, comprehensive data
Part 2 of 2: Regulators expect explainability, transparency to support AI systems
FIs must prioritize strong governance and robust data when implementing AI systems to improve anti-money laundering processes. FIs should “start out with strong governance and build the foundation of the program from there and then also take a look at their data and data integrity,” Jon Glass, a partner in the financial crimes advisory practice […]
