• Search in Protiviti.com

How can Artificial Intelligence and Machine Learning be used to fight Financial Crime?

How can Artificial Intelligence and Machine Learning be used to fight Financial Crime

We are very pleased to invite you to our "How can AI and Machine Learning be used to fight Financial Crime” webinar on Tuesday 21 March 16:00-17:00 CET.

As Artificial Intelligence (AI) and Machine Learning (ML) continue to improve and to disrupt industries. Will these technological advancements also disrupt the world of Financial Economic Crime (FEC)? Some may believe that human involvement in Anti-Money Laundering (AML) and Counter-Terrorist Financing (CFT) monitoring and compliance will become redundant. Nonetheless, despite the outstanding capabilities of AI and ML in this field, human engagement will remain critical for a variety of reasons:

  • AI algorithms may still produce false positives;
  • AI Algorithms are only good as the data they use/trained on;
  • Criminals can find new ways to bypass AI and ML Algorithms;
  • Complexity of the AML/CFT regulations, can AI learn fast enough.
How can Artificial Intelligence and Machine Learning be used to fight Financial Crime

What are AI and ML?

What are the definitions of AI and ML, what are the practical use-cases and how does this connect to the world of financial crime? What advice does regulatory guidance provide about the use of AI and ML for financial crime, and what are the advantages? Additionally, what are the best practices for implementing AI and ML in financial crime prevention, as proposed by the different competent bodies.

Speakers:

Lotte van Meerten
Manager Risk & Compliance
Protiviti

Gijs van Benthem
Senior Consultant, Risk & Compliance Protiviti

 

A look at the AML/CFT Due Diligence process

We provide an overview of a generic due diligence process and show how Artificial Intelligence and Machine Learning can be used in the fight against financial crime. Will the role of the analyst shift or remain the same?

Speakers:

Silu Mlambo
Financial Economic Crime Manager
Protiviti

Walker Poppert
Senior Manager, Risk & Compliance Protiviti

 

Protiviti Managed Solutions

What is happening in the Talent Market and what does the Financial Crime team of 2025 look like for our clients? Why are companies turning to Managed Solutions?

Speaker:

Estelle James
Regional Vice President, Managed Business Solutions
Protiviti

 

  • Tuesday 21st March 2023
  • 4-5 CET (Duration 60 min.)

After registration for the this webinar "How can Artificial Intelligence and Machine Learning be used to fight Financial Crime?" you will also be able to view it on demand after 21 March.

Register Here

Loading...