AI AML

Cryptocurrency has transformed finance with fast and borderless transactions. However, this innovation comes with problems, one of which is money laundering. Criminals take  advantage of crypto’s anonymity to move illicit funds. To combat this, AML initiatives are  becoming increasingly advanced, with AI at the helm. AI is transforming AML work by identifying anomalous transactions, applying pattern analysis techniques, and enhancing compliance operations. This article discusses the role of AI in enhancing crypto AML, its advantages and disadvantages and the ...