Banks use anti-money laundering (AML) systems and analysts to investigate suspicious transactions and identify illicit funds. AML analysts generate cases from alerts, collect evidence to determine if activity is legal or not, and file reports for suspicious transactions. While AI can help with initial screenings, analysts are still needed to make final decisions as AI cannot replace human judgment. The document discusses how banks use AML processes and technologies but also notes the challenges analysts face in balancing thorough investigations with workload pressures.

1. ANTI-MONEY LAUNDERING
WITH AI (?)
How Big Banks DoTheir Job In A Really Hard-working Way
That Outsiders Don’t know
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2. WHAT IS
MONEY LAUNDERING?
Money laundering is the process of concealing
illicit sources of money
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3. WHAT IS
MONEY LAUNDERING?
Money laundering is the process of concealing
illicit sources of money
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4. WHY BANKS DO AML
Because of regulation, of course.
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5. WHY BANKS DO AML
Because of regulation, of course.
23 May 2013
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6. HOW BANKS DO AML
growing market for AML softwares
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7. AML analysts (me)
conduct case
investigation
HOW BANKS DO AML
Workflow / Data-flow at a glimpse
bank’s internal
databases for
transactions
bank’s internal database
for customers’ personal
information
AML database
AML alert generation
serverAI (?)
Human
4,000 cases per month
File Suspicious Activity
Report to 調查局 80 cases per month
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8. WHAT AML ANALYSTS DO
generate case from Case Management System
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9. WHAT AML ANALYSTS DO
get evidence to decide (and for auditing purpose)
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10. WHAT AML ANALYSTS DO
get evidence to decide (and for auditing purpose)
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11. WHAT AML ANALYSTS DO
get evidence to decide (and for auditing purpose)
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12. WHAT AML ANALYSTS DO
get evidence to decide (and for auditing purpose)
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13. WHAT AML ANALYSTS DO
if you did bad thing once, you’ll be considered a bad guy forever
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14. WHAT AML ANALYSTS DO
if you did bad thing once, you’ll be considered a bad guy forever
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15. WHAT AML ANALYSTS DO
if you did bad thing once, you’ll be considered a bad guy forever
(example google search)
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16. WHAT AML ANALYSTS DO
If you’re not a friend of the US, you’re a bad guy.
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17. WHAT AML ANALYSTS DO
If you’re a public servant, you’re risky
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18. WHAT AML ANALYSTS DO
struggling to make decision
This customer is definitely
conducting illegal activities. File
Suspicious Activity Report!
There’s nothing wrong. Just a
richTaiwanese who enjoys
holding money in its physical
form....
Wait....How much space does 2
million NTD take?
Is it reasonable to carry that
around?
But I wanna party tonight and
hate to stay late for writing
additional reports!
source: cv47al @ flickr
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19. WHAT I WANNA SAY...
1.
AI can off-load manual work,
but still can’t replace it.
2.
When co-working with AI,
be sure to understand its logic.
3.
Agency risk is everywhere.
It’s hard for people to remember why they need to do their job right.
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20. 13年8月20⽇日星期⼆二