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Transcripts for BBCNEWS Talking Business 20240604 16:52:00

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to exchanges all over the world. we actually are working with some of the banks in the uk and others is they're looking at how do they leverage the benefit of pooling data the right way and then leveraging al to root out those criminal behaviours. ijust want to give you one example. so a human trafficker, they behave differently in the financial system in terms of how they use the banks to transact their business versus someone who is a terrorist financer or someone who's an elderly abuser, you know, using it to commit fraud. 0ur models essentially are very custom to each of those different topologies, those different behaviors, those different behaviours, so that we can use predictive capabilities to say, is this person likely a criminal actor based on patterns and practices of behavior? and practices of behaviour? i mean, you're leaning heavily on technology to root out financial crime. but isn't the problem that criminals are also using technology? yeah, they sure are. and they are very adaptable. and they're, i don't like to call them smart, but i do call them clever. right. so, i mean, they're really, really sophisticated in how they leverage the financial system to perpetrate their crimes.

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