What is Anti-Money Laundering? - IBM
Money Laundering Control Act: This act was created in 1986, and it made money laundering a federal crime. Its primary focus is to reign in money laundering by drug cartels. It allows the …
What Is Artificial Intelligence in Finance? | IBM
Dec 8, 2023 · By analyzing intricate patterns in transaction data sets, AI solutions allow financial organizations to improve risk management, which includes security, fraud, anti-money …
AI compliance: What it is, why it matters and how to get started
Oct 4, 2024 · AI has many financial applications, from fraud detection and risk assessment to anti-money laundering activities. However, these AI applications must comply with regulations such …
What is SOX (Sarbanes-Oxley Act) Compliance? - IBM
SOX compliance is the act of adhering to the financial reporting, information security and auditing requirements of the Sarbanes-Oxley (SOX) Act, a US law that aims to prevent corporate fraud.
What is robotic process automation (RPA)? - IBM
More than 1 in 3 bots today are in the financial industry, which is of little surprise given banking's early adoption of automation. Today, many major banks use RPA automation solutions to …
Central Bank Digital Currency (CBDC) & Blockchain: The Future of …
Aug 17, 2023 · Moreover, CBDC can reduce the risk of money laundering and terrorist financing. Blockchain technology can be used to create an immutable record of all transactions, making it …
What Is AI In Banking? | IBM
Apr 11, 2023 · Financial institutions and governmental agencies can also use AI systems to thwart other financial crimes like money laundering or impersonation. Enhanced APIs: Banking …
What Is Anomaly Detection? | IBM
Dec 12, 2023 · Anomaly detection models are used extensively in the banking, insurance and stock trading industries to identify fraudulent activities in real time, such as unauthorized …
What is generative AI in banking? | IBM
By continuously learning from new data, these AI systems become more accurate over time, helping banks to proactively detect and prevent fraud such as account takeover (ATO) and …
什么是反洗钱？| IBM
反洗钱 (aml) 工作包括旨在防止犯罪分子将通过非法活动获得的资金（或“脏钱”）兑换成合法收入或“干净钱”的法律、法规 ...