Launderbots, or why your AML is no longer fit for purpose
Those 200 limited-edition Yeezys that were just scalped off a custom footwear store by an army of bots weren’t just doing it for the markup. They’re doing it to launder money.
The regular barriers between fraud and financial crime are breaking down. Criminals leverage automation and AI to test the gaps in your AML rules, hit the overlaps between your risk and compliance teams, and move their money in and out of your system at unprecedented speeds.
When the new army of money mules in your system aren’t even real, how do you keep up? Tune in to find out.