US EditionNew AI Tool Set to Bust Fraudsters and Tackle Money Laundering
- Unit21 introduced a set of enhanced Anti-Money Laundering tools this week during a major industry event focused on risk and compliance held in Indianapolis.
- The launch responds to financial institutions facing increased criminal activity, complex reporting tools, and changing regulatory requirements causing compliance team burnout.
- Unit21’s unified platform enhances fraud and AML management by enabling real-time alerts, no-code rule adjustments, and automated reporting to maintain FinCEN compliance.
- The platform leverages transparent machine learning to deliver audit-compliant decisions, clear risk assessments, and easily interpretable alert analyses, enabling quicker issue resolution and more efficient audit processes.
- These features are designed to help financial institutions minimize manual efforts and mistakes while enhancing both adaptability and regulatory adherence, reflecting CEO Trisha Kothari’s view that financial institutions can maintain compliance without sacrificing flexibility.
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26 Articles
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New AI tool set to bust fraudsters and tackle money laundering
A new AI tool has been introduced to help prevent savvy fraudsters and dodgy transactions.
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