UPDATE: AML tech such as AI and Digital IDs have potential to make efforts ‘faster, cheaper and more efficient’ says FATF in major report launched today - AML Intelligence
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UPDATE: AML tech such as AI and Digital IDs have potential to make efforts ‘faster, cheaper and more efficient’ says FATF in major report launched today

By Elizabeth Hearst for AMLi

New technology in the AML/CFT space has the potential to “improve the speed, quality and efficiency” of measures to tackle dirty money, FATF says in a new report today.

The agency says it is “committed to keeping abreast of innovative technologies and business models” in the FinCrime sector and wants to be at the forefront of examining how tech can “help in the fight against money laundering and terrorist financing”.

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