Gary M. Shiffman

The process allows artificial intelligence and machine learning to train on the data of many banks, without compromising customer privacy.

Bankers must identify money launderers and traffickers, and yet although not precluded, the current legal framework actually limits the sharing of data about potential suspicious activity and customers between institutions, says Giant Oak's Gary Schiffman.

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.

Artificial intelligence and machine learning are some examples of technology available now to help combat money launderers profiting from the pandemic.