The use of artificial intelligence and machine learning for detecting and combating financial crimes

The article explores the application of artificial intelligence (AI) and machine learning (ML) in combating financial crimes such as money laundering, fraud, and terrorist financing. AI and ML enable efficient analysis of vast amounts of data to identify suspicious transactions, automate customer due diligence procedures, and detect new typologies of financial crimes. However, the implementation of these technologies is associated with a range of technical, ethical, and managerial challenges that require an interdisciplinary approach. The successful application of AI and ML in the fight against financial crimes opens up significant opportunities for enhancing the efficiency and security of the financial system in the future.