AI and financial crime: silver bullet or red herring?

AI and financial crime: silver bullet or red herring?

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AI and financial crime: silver bullet or red herring?

In his 2018 address, Rob Gruppetta, then-Head of the Financial Crime Department, challenged the notion that AI is a "silver bullet" for financial crime. Drawing on historical engineering failures, he argued that while AI offers transformative potential, it lacks the established "sound design principles" required for a high-stakes regulatory environment.

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