The article discusses the potential of artificial intelligence (AI) in improving compliance, fraud detection, and operational efficiency in the cryptocurrency industry. AI can analyze large volumes of data and flag anomalies that may go unnoticed by traditional methods. It can also adapt to new criminal techniques, allowing compliance teams to remain proactive. The use of AI in transaction monitoring has shown a decrease in false positives and an increase in operational efficiency. Additionally, AI-based solutions can automate tasks, freeing up time for strategic decision-making and making smaller crypto firms more competitive. However, AI cannot replace human judgment and collaboration with regulatory bodies is still necessary. Responsible implementation of AI can enhance marketing efforts and strengthen consumer confidence. While AI can handle compliance tasks, decisions with legal or ethical consequences should be made by qualified professionals. The author, Yulia Murat, is the head of regulatory affairs at Global Ledger and has extensive experience in financial crime compliance and anti-money laundering.



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