Anti-Financial Crime & Financial Crime Compliance
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INTERVIEW: Canada’s AML agency eyes AI and partnering with banks to fight fincrime

TECHNOLOGY: Donna Achimov (pictured) said one way forward for FINTRAC is to use new technology to scour for suspicious transactions, or additionally to even partner with financial institutions to lower risks.

By AML Intelligence Correspondent CANADAs AML agency is increasing its reliance on AI to detect suspicious transactions, betting the use of the latest technology will help better fight financial crimes, a top official said. The Financial Transactions and Reports Analysis Centre (FINTRAC) raised a few eyebrows last month when it fined the country’s two biggest…

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