AI and financial crime: silver bullet or red herring?

AI and financial crime: silver bullet or red herring?

Speech

AI and financial crime: silver bullet or red herring?

In his 2018 speech at Chatham House, Rob Gruppetta, then Head of the Financial Crime Department at the FCA, compared the rise of Artificial Intelligence (AI) to the radical naval designs of the 19th century—potentially transformative, but dangerously unstable without sound "engineering principles." He argued that while AI could be a powerful tool for spotting illicit financial flows, it should…

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