AB InBev LOOKS TO MACHINE LEARNING TO ROOT OUT CORRUPTION

On 17 January, the Wall Street Journal reported that Anheuser-Busch InBev, the world’s largest brewer, has spent 3 years developing machine-learning technology that can identify risky business partners and potentially illegal payments.  The analytics platform, BrewRight, draws on data from operations in more than 50 countries, allowing the company to monitor legal risks and prevent violations.  It is said that the platform is designed to get smarter and more effective over time, and that it has cut hundreds of thousands of dollars in costs associated with investigating suspect payments.

https://www.wsj.com/articles/ab-inbev-taps-machine-learning-to-root-out-corruption-11579257001

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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