Anti-Money Laundering (AML) , Fraud Management & Cybercrime , Standards, Regulations & Compliance
Leveraging Machine Learning to Fight Money Laundering
Rene Perez on Using Advanced Technologies to Rate Alerts
Machine learning can play a big role in fighting against money laundering, says Rene Perez, financial crimes consultant at Jack Henry and Associates.
“Many companies are now building back-end systems where they take all the alerts and put a machine learning type of process on top of those and re-rate the alerts,” Perez says.
In in video interview with Information Security Media Group, Perez also discusses:
- How money mule activities have evolved;
- New technologies for battling money laundering;
- How are banks are fighting against fraud tied to money laundering.
Perez is a financial crimes consultant with Jack Henry & Associates who has about 20 years of experience. He previously worked in fraud prevention at a top 60 bank in the U.S.
