---Join our webinar on fighting Financial Crime on Tuesday 21 March, 16:00-17:00 CET---
How can Artificial Intelligence and Machine Learning be used to fight Financial Crime?
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.
> 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.
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?
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 Solution
Tuesday 21 March, 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.