The financial crime landscape is in constant flux, and artificial intelligence (AI) is at the forefront of this transformation. Join us for an engaging ACAMS Live episode where Craig Timm, Senior Director of AML at ACAMS, teams up with Ian R., Head of Enterprise Compliance at Coinbase. They’ll dive into AI’s revolutionary impact on financial crime prevention and how it’s reshaping our strategies. Ian will share firsthand experiences of Coinbase’s AI applications, revealing the real-world benefits they’ve unlocked. This is a golden opportunity for anti-financial crime (AFC) professionals to gain valuable insights and stay at the cutting edge of technology and compliance. 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐂𝐨𝐧𝐯𝐞𝐫𝐬𝐚𝐭𝐢𝐨𝐧 This session is set to be both thought-provoking and essential for those in the AFC field. Join us! #AI #ACAMSLive #AML #compliance
AI: The New Frontier in Financial Crime Prevention
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It is courtesy to say, "positions won't be eliminated," but that is just not true. There are thousands of workers in AML whose entire job is to gather data and information. Many of these jobs are "off-shore" and will disappear in the next few years.
Machine Learning is effective in identifying patterns of a transaction but on what data do we train? Isn’t confidentiality a concern in this process?
Wh o's gonna win the cat and mouse game?
Can't wait!
🙋♂️
Eager to learn
As far as skills in AFC work - will AI replace me?
Does machine learning (in your case) also interact with screening systems to automate sanctions/adverse media screening?
Looking forward to join. I am from Vancouver, B.C. Canada.
AML/BSA/OFAC Director
2wDoes ACAMS have any type of training/certification where we can learn more about LLM and using AI?