AI in AML, Consumer Protection Developments Interview

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This interview features Christine Bucy of Protiviti’s Risk and Compliance practice and Steven Stachowicz to discuss the next frontier in anti-money laundering (AML) compliance — artificial intelligence (AI). Some of the questions answered include: How would an AI approach, as opposed to a rules-based approach, improve AML compliance programs? What are some of the unique challenges around OFAC compliance that AI could help with? What are some of the inherent risks involved in adopting or accepting artificial intelligence into these processes and programs? Can you summarize some of the developments from the CFPB for us and what else might be on their agenda in the near future?

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