Only 1% of laundered cash in EU is detected — ABN AMRO wants to improve that
Only 1% of laundered cash in EU is detected — ABN AMRO wants to improve that ABN AMRO’s Ivich Hoffman reckons detecting money laundering is like mixing the perfect cocktail ABN AMRO takes a holistic approach to detecting laundered money Analyzing financial data with AI, advanced analytics, and machine learning technologies plays a major role in that task, sure, but so do manual investigations and other forms of cooperation between banks....