Since the implementation of the Anti-Money Laundering legislation, costs and complexity of AML compliance for financial institutions have continually risen. Regulatory mandates drive tech adoption, fuelling more advanced criminal tactics and necessitating further regulation.
While modern data platforms, cloud computing, and modular software architectures can provide sufficient technological agility to stay ahead of the criminal curve, the addition of GenAI is giving financial institutions a formidable edge in building sustainable financial crime operations.
