2018 Resolution: Disrupt Narco-Terrorism Cells with Artificial Intelligence and Machine Learning

Local, state, federal, and international law enforcement agencies are frontline heroes tasked with combatting international drug trafficking, terrorism and money laundering. Unfortunately, their contributions and sacrifices often go unnoticed in the 24-hour news cycle filled with the political news of the day.  Consider the U.S. Drug Enforcement Administration (DEA)’s Special Operations Division (SOD) which is a joint task force of all federal law enforcement agencies in Northern Virginia. SOD is staffed with the most dedicated, […]

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Implementing AI and Machine Learning Benefits Big Businesses, Supports the Fight Against Bribery and Corruption with Expanded Pilot Program and ‘CAE Checkup’

In many parts of the world, acts of bribery and corruption have long been accepted as the cost of doing business. However, global law enforcement is becoming increasingly cooperative in investigating these violations as countries realize how massive amounts of their sovereign wealth is stolen from their economies through these crimes.  In fact, 27 companies were required to pay a paralyzing $2.48 billion in fines and penalties to resolve U.S. Foreign Corrupt Practice Act (FCPA) […]

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Reducing ICO Participant Risk with AI-Powered KYC Due Diligence

Initial coin offerings, or ICOs, are creating a substantial amount of buzz, debate and discussion in the blockchain and cryptocurrency industry as well as within financial institutions and their regulators. ICOs, also referred to as “token sales,” are a relatively new fundraising phenomenon used to launch new companies or fund a development project. In an ICO campaign, tokens are sold to early investors of a project in exchange for cryptocurrencies, such as Bitcoin or Ether. […]

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Artificial Intelligence Can Identify Absence of Normal Business Activity, Indicating Possible Risk of Financial Crime

Within financial services, transactional data and supplementary information are vital to the success of financial crime investigations. However, cases that lack typical business activities such as employee payroll or availability of freight receipts could be red flags that indicate possible financial crimes such as human trafficking or trade-based money laundering. Legacy, rules-based TMS engines won’t trigger alerts if normal business activities are not present because, simply, they can’t identify what they can’t see. On the […]

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AI-Based Link Analysis and Data Visualization Can Uncover Hidden Relationships Between Entities and Networks

Shell companies can serve legitimate and legal commercial purposes. However, there is considerable risk for criminals to abuse these vehicles for illicit activity. Whether it is money laundering, terrorist financing, drug trafficking, human trafficking, tax evasion, corruption, white-collar crime, or a myriad of other schemes, shell companies play a significant role in the efforts of transnational criminal organizations (TCOs) to make and move money. The news cycle often delivers stories about shell companies facilitating some […]

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