FAQs on the use of AI published by the Global Coalition to Fight Financial Crime

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The Global Coalition to Fight Financial Crime (GCFFC) has published FAQs on the use of Artificial Intelligence (AI) as a tool to accelerate effectiveness in fighting financial crime by Financial Institutions (FIs).

The questions cover the following ten areas:

  • The current use of IT by FIs;
  • Considerations before embarking on an AI initiative;
  • Opportunities for FIs;
  • Areas of greatest interest for AI usage;
  • Anti-fraud uses of AI;
  • Improving effectiveness;
  • Supervisory views on AI;
  • Explainability;
  • Supporting roles and skills; and
  • Reliance on data.

Firms can view the new FAQs to inform and improve AI capabilities in tackling financial crime.


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