Next Generation Money Laundering Trends Of 2023

There is this relatively recent term "RegTech" which is extraordinary and it fits the elaboration on the following matter:

"A RegTech assists a bank, credit union, or other financial institution by using technological advancements in data mining, artificial intelligence, blockchain, Machine Learning, automation and so forth to solve problems, optimize processes and manage risks for regulatory compliance".

The last decade of the technological advancement in AML has been hectic: Software can track / monitor transactions and periodically provide their clients with solutions exceeding all imagination:

• Keep documents in one place;
• Determine the risk-based approach alongside with daily flow;