On the 28th of June 2022, the International Chamber of Commerce Qatar (ICC Qatar) in collaboration with Moody’s Analytics organized a seminar on ‘Fighting Financial Crimes with Artificial Intelligence’.
The seminar highlighted how financial and corporate institutions can significantly improve the effectiveness of their customer onboarding experience, due-diligence processes, sanctions screening, and financial crime detections by infusing machine learning (ML) systems and artificial intelligence (AI) in their day-to-day operations. It also discussed the current supply chain challenges businesses are facing to keep up with globalization, and the global impact that environmental, social and governance (ESG) considerations are having on businesses
“Digitalization of the customer and supplier onboarding process is accelerating across the Middle East. Financial and corporate institutions are embracing Know Your Customer (KYC) processes and screening solutions that support effective due diligence. A digital, intelligent KYC program will reduce false positive alerts, support better decision-making, and enable organizations to run an effective anti-money laundering (AML) program.
