Using artificial intelligence to keep criminal funds out of the financial system

Using artificial intelligence to keep criminal funds out of the financial system

Speech

Using artificial intelligence to keep criminal funds out of the financial system

In a 2017 speech, Rob Gruppetta, then Head of the Financial Crime Department at the FCA, explored the "promise and peril" of using Artificial Intelligence (AI) and machine learning to combat money laundering. Gruppetta noted that British banks spend roughly £5 billion annually fighting financial crime—more than the UK spends on its entire prison system.

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