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ANALYSIS: Why AI-based AML systems still need human oversight

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustratio/File Photo

EONARDO da Vinci frames the problem with enduring clarity. Those who fall in love with practice without knowledge, he writes, are like sailors who board a ship without rudder or compass, never certain of where they are going.

Practice, he concludes, must always be founded on sound theory: perspective is the guide and the gateway, and without it nothing can be done well.

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