ANTI-MONEY LAUNDERING WITH AI (?)

How Big Banks Do Their Job In A Really Hard-working Way That Outsiders Don’t know

13年8月20⽇日星期⼆二

WHAT IS MONEY LAUNDERING?Money laundering is the process of concealing

illicit sources of money13年8月20⽇日星期⼆二

WHAT IS MONEY LAUNDERING?Money laundering is the process of concealing

illicit sources of money13年8月20⽇日星期⼆二

WHY BANKS DO AMLBecause of regulation, of course.

13年8月20⽇日星期⼆二

WHY BANKS DO AMLBecause of regulation, of course.

23 May 2013

13年8月20⽇日星期⼆二

HOW BANKS DO AMLgrowing market for AML softwares

13年8月20⽇日星期⼆二

AML analysts (me) conduct case investigation

HOW BANKS DO AMLWorkflow / 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

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOgenerate case from Case Management System

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOget evidence to decide (and for auditing purpose)

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOget evidence to decide (and for auditing purpose)

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOget evidence to decide (and for auditing purpose)

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOget evidence to decide (and for auditing purpose)

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOif you did bad thing once, you’ll be considered a bad guy forever

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOif you did bad thing once, you’ll be considered a bad guy forever

13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOif you did bad thing once, you’ll be considered a bad guy forever

(example google search)13年8月20⽇日星期⼆二

WHAT AML ANALYSTS DOIf you’re not a friend of the US, you’re a bad guy.

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WHAT AML ANALYSTS DOIf you’re a public servant, you’re risky

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WHAT AML ANALYSTS DOstruggling to make decision

This customer is definitely conducting illegal activities. File

Suspicious Activity Report!

There’s nothing wrong. Just a rich Taiwanese 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

13年8月20⽇日星期⼆二

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.

13年8月20⽇日星期⼆二

13年8月20⽇日星期⼆二