AML
In-Depth Guide to KYC Automation in 2024
Interest in Know Your Customer (KYC) is rising, especially intelligent automation in financial services and banking. This is because organizations now realize the importance of customer due diligence before customer onboarding: annual money laundering is 2-5% of the world GDP. So businesses must ensure they do not become unknowing participants in criminal activities.
Dec 293 min read
Anti Money Laundering Algorithms in 2024: Tackling AML with AI
According to the United Nations Office on Drugs and Crime (UNODC), the estimated amount of total money laundered annually around the world is 2-5% of the global GDP ($800 billion – 2 trillion).
Jan 115 min read