The new approach is a new era of AML Qorus Banking Innovation Awards 2021 - Winner

The money incoming of terrorism and other criminal activities like human-drug traffic, arms smuggling etc., laundered in system through usurping the rights of innocent people reached almost $2 trillion. Could the money-laundering be prevented for humanity and the reliability of financial sector? Definitely, instead of generating thousands of alerts with hundreds of traditional rule-based scenarios and examining all alerts by the compliance teams, AI models newly developed will be the solution for AML future. The scenarios cannot rapidly adapt to the new money-laundering ways. In this context, a set of AI models pioneering the sector have been developed in 2020 first time ever by ING Turkey for detecting potential criminals in the future, clarifying complex transactions, automatically closing alerts.