Artificial Intelligence and AML

4. Which element is still necessary to monitor the AI system?
6. Proactively Managing Risks is a ....... of AI.
8. What was set up by the Financial Conduct Authority?
9. What is the ........ of AI? - reduce compliance cost, increase processing efficiency
10. Artificial Intelligence .... - .... Forum - AI regulations set up by FCA and PRA in UK (two words)
13. ACT Give the name the set of rules for the development and use of AI in EU (two words)
14. What was introduced in 2018?
16. What is the first stage of money laundering?
17. What is the data-related issue associated with using AI in AML processes?
18. AI techniques are used to automate back-office ...........
21. GDPR focuses on data privacy and .......... of personal data.

1. The EU's AI Act enshrined the principles of privacy, transparency and ........
2. AI can successfully improve analyzing huge volume of data related to for example: Risk-based .........
3. AAA is created to increase ............
5. Four core functions of NIST are GOVERN, MAP, MEASURE and ......
7. MORGAN CHASE Name a bank that has managed to reduce the number of false positives by 95% using artificial intelligence.
11. STATES Provide the name of the country where Algorithmic Accountability Act was implemented
12. AI is a set of statistical techniques that lets computers: see ............. make deductions, and predict scenarios based on patterns learned from large amounts of data.
15. Which act was introduced in United States in 2019?
19. A method of storing and hosting data on external servers that can be accessed via the Internet.
20. What kind of influence on risk assessment will be reduced by using AI in AML processes in the future?