Financial crime is a nebulous field. From old-fashioned fraud to cryptocurrency scams, the range and creativity of fraudsters seem to have no bounds. Unsurprisingly, the evolution of technology in the internet age has seen fraudsters employ increasingly sophisticated tools and techniques to scam people out of their money. This technological prowess has not gone unnoticed – but it has left gaps on the regulatory side of this traditionally human-focused field.

Tools like pattern recognition and analytics play an ever-increasing role in the prevention of financial crime, alongside myriad other technologies available today. Most recently, the development of powerful artificial intelligence has complicated the conversation: how can regulators, much less single MLROs, keep up with such a fast-moving industry, and prevent criminals from exploiting and abusing these systems?

In a couple of words – it’s complicated. To gain a better perspective on these financial crime issues, we asked Mateo Jarrin Cuvi, Global Manager for Partners & Media, The Association of Governance, Risk & Compliance and ahead of the Anti-Financial Crime Exchange Europe 2023, for his thoughts on the matter.

Download the full interview here >>>