How FinCEN’s new AML/CFT proposal leverages AI for better compliance

The U.S. Treasury’s FinCEN has proposed a significant update to AML/CFT compliance frameworks, mandating a risk-based approach under the Anti-Money Laundering Act. Departing from traditional box-ticking, the proposal emphasises the use of Artificial Intelligence (AI) to enhance the effectiveness and efficiency of compliance systems.

• Use cases, geography and tags
• Organizations that created, adopted or are mentioned
• Ecosystem position
• Link to the original asset
• Comments and reactions