Share on LinkedInShare on LinkedIn

ARTICLE · 27 OCTOBER 2023

AML Compliance And Artificial Intelligence: Why The Human Touch Is Needed

Ankura Consulting Group LLC
Explore more from Ankura Consulting Group LLC

As artificial intelligence (AI) continues to push the boundaries of technological innovation, its potential to transform industries constrained by rigorous regulatory requirements is increasing.

United StatesGovernment, Public Sector
Claudia Raskey
Claudia Raskey

As artificial intelligence (AI) continues to push the boundaries of technological innovation, its potential to transform industries constrained by rigorous regulatory requirements is increasing. For instance, within the field of anti-money laundering (AML) compliance, a growing synergy is emerging between AI and human expertise. AI is revolutionizing AML compliance through efficiency and precision; however, human insight continues to be necessary to ensure effectiveness.

Keeping AI in Check

AML compliance centers on identifying patterns, anomalies, and subtle signals hidden within enormous and often complicated datasets. It is possible for AI models to have biases and fail to perceive subtleties that humans intuitively understand.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

SBA Extends Deadline For Comments On Historic Overhaul Of Size Standards

The Small Business Administration has extended the comment period for two proposed rules that could dramatically reshape federal government contracting by significantly expanding the pool of entities eligible for small business set-aside procurements. With some size standard thresholds proposed to increase as much as tenfold, these changes would fundamentally alter the makeup of the small business contractor base.
United StatesGovernment, Public Sector
Crowell & Moring LLP
Crowell & Moring LLP
Article

BIOSECURE Act Update: Court Enjoins WuXi AppTec’s 1260H Designation, but Strategic and Compliance Clocks Keep Running

The U.S. District Court for the District of Columbia has preliminarily enjoined the Department of War from enforcing WuXi AppTec's Section 1260H designation, finding the agency misread its evidence on state and military affiliation. However, this ruling does not close alternative pathways to biotechnology company of concern (BCC) designation under the BIOSECURE Act, and earlier supply-chain restrictions continue to drive near-term compliance decisions with a critical June 30, 2027 deadline for sub-tier supp
United StatesGovernment, Public Sector
Greenberg Traurig
Greenberg Traurig
Article

Weekly Sanctions Update: September 14, 2026

The Treasury Department intensifies economic pressure on Iran through Operation Economic Outcast, suspending aviation licenses and sanctioning dozens of entities while implementing a presumption of denial for Iran-related transactions. Meanwhile, new enforcement actions target Chinese cybercrime platforms, Ecuadorian terrorist organizations, and Israeli settlers, as Congress considers comprehensive Russia-Iran sanctions legislation.
GlobalGovernment, Public Sector
Steptoe LLP
Steptoe LLP
Article

Massachusetts’ 2026 Ballot Questions: What Clients Need To Know

Massachusetts voters will decide nine statewide ballot questions in November 2026 that could fundamentally reshape the state's legal, regulatory, and fiscal landscape. These measures address government transparency, election reforms, housing development, marijuana regulation, firearms laws, and state revenue limits, with implications extending far beyond Election Day to implementation, regulation, and ongoing policy debates.
United StatesGovernment, Public Sector
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
Article

DOJ Continues DEI False Claims Act Enforcement With $25 Million Accenture Settlement

The Department of Justice announced a $25 million settlement with Accenture Federal Services over allegations that the company violated the False Claims Act by falsely certifying compliance with anti-discrimination requirements while allegedly using race or sex in hiring, promotion, and access to professional development programs. This marks the third major DEI-related FCA enforcement action in 2026, following similar settlements with IBM and Deloitte.
United StatesGovernment, Public Sector
Bass, Berry & Sims PLC
Bass, Berry & Sims PLC
Article

Weekly Sanctions Update: September 21, 2026

The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 has become law, imposing sweeping sanctions on Russian officials, financial institutions, and shadow fleet vessels while authorizing tariffs up to 100 percent on major purchasers of Russian oil and natural gas. How will these new measures impact global trade relationships, particularly with China and India as the largest buyers of Russian crude?
GlobalGovernment, Public Sector
Steptoe LLP
Steptoe LLP
Article

DOJ's $2 Million Honeywell Settlement Under The Civil Cyber-Fraud Initiative: What Compliance Failures Mean For Defense Contractors

The Department of Justice secured a $2 million settlement with Honeywell Aerospace for allegedly failing to comply with NIST SP 800-171 cybersecurity requirements under a Department of War contract. This case demonstrates how cybersecurity compliance failures can trigger False Claims Act liability even without an actual data breach or cyberattack, and highlights the growing role of whistleblowers in exposing contractors' gaps between contractual obligations and actual security practices.
United StatesGovernment, Public Sector
Bass, Berry & Sims PLC
Bass, Berry & Sims PLC
Article

National Historic Preservation Act Overhaul: What You Need To Know

The Advisory Council on Historic Preservation has advanced a Notice of Proposed Rulemaking that would fundamentally restructure Section 106 of the National Historic Preservation Act, marking the most significant regulatory overhaul in over 20 years. The proposed changes would shift the consultation process from a multi-step framework to an agency-prepared report system, narrow the scope of protected properties, and grant federal agencies greater unilateral authority in resolving adverse effects.
United StatesGovernment, Public Sector
Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
Article

Ankura CTIX FLASH Update – September 22, 2026

This collection of insights from Ankura explores critical challenges facing multiple industries in 2026, from cybersecurity threats targeting AI assistants to the evolving landscape of freight capacity, cryptocurrency enforcement, and healthcare compliance. The articles examine how organizations navigate regulatory complexity, operational constraints, and emerging risks across financial services, logistics, healthcare, and technology sectors.
United StatesStrategy
Ankura Consulting Group LLC
Ankura Consulting Group LLC
Article

Following The Funds: What Recent Crypto Enforcement Actions Reveal About Sanctions Evasion And Financial Crime Controls

This collection showcases Ankura's latest insights spanning cryptocurrency enforcement, parcel shipping costs, sanctions compliance, cybersecurity threats, mortgage industry dynamics, healthcare labor challenges, AI governance in financial services, and business transformation strategies. Each piece examines critical operational and regulatory challenges facing organizations across multiple sectors, offering strategic perspectives on navigating complex business environments.
GlobalCorporate/Commercial Law
Ankura Consulting Group LLC
Ankura Consulting Group LLC
Article

Ankura CTIX FLASH Update – September 15, 2026

Ankura's latest insights explore how organizations can transform data and analytics investments into actionable business value through decision intelligence, while addressing critical challenges in AI workforce readiness, cybersecurity threats, and regulatory compliance across multiple industries. The collection examines emerging opportunities in stablecoin regulation, healthcare data optimization, and procurement efficiency.
United StatesStrategy
Ankura Consulting Group LLC
Ankura Consulting Group LLC
Article

Ankura CTIX FLASH Update – September 28, 2026

Ankura's latest insights explore critical developments across cybersecurity, supply chain disruption, healthcare compliance, and financial crime enforcement. From AI-driven malware threats and tariff-induced supply chain reconfigurations to evolving cryptocurrency sanctions enforcement and clinical trial participant support regulations, these analyses examine how organizations navigate operational, regulatory, and strategic challenges in an increasingly complex risk landscape.
United StatesStrategy
Ankura Consulting Group LLC
Ankura Consulting Group LLC