Artificial Intelligence

2. Which element is still necessary to monitor the AI system?
4. What was introduced in 2018? (hint: EU)
5. What is the ...... of AI? - reduce compliance cost, - increase processing efficiency
6. Which act was introduced in United States in 2019?
8. Name the set of rules for the development and use of AI in EU (two words)
12. Artificial Intelligence .... - .... Forum - AI regulations set up by FCA and PRA in UK (two words and use "-")
13. AI techniques are used to automate back-office ......
14. Proactively Managing Risks is a ...... of AI
15. What is the data-related issue associated with using AI in AML processes?
17. 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.
18. A method of storing and hosting data on external servers that can be accessed via the Internet. (hint:luodc-edsba)
19. AI can successfully improve analyzing huge volume of data related to for example: Risk-based .......
20. GDPR focuses on data privacy and .......... of personal data.

1. Name a bank that has managed to reduce the number of false positives by 95% using artificial intelligence.
3. AAA is created to increase ............
5. Four core functions of NIST are GOVERN, MAP, MEASURE and ......
7. The EU's AI Act enshrined the principles of privacy, transparency and ........
9. What is the first stage of money laundering?
10. What kind of influence on risk assessment will be reduced by using AI in AML processes in the future?
11. What was set up by the Financial Conduct Authority?
16. Provide the name of the country where Algorithmic Accountability Act was implemented