On 8 December, ACAMS reported that France’s financial regulator had fined Credit Agricole €1.5 million for AML violations in its first enforcement action stemming from the use of an artificial intelligence tool that allowed examiners to analyse hundreds of millions of the bank’s transactions and other data.
https://www.moneylaundering.com/news/france-fines-credit-agricole-after-analyzing-750-million-transactions-using-ai/
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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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