The role of artificial intelligence tools in the fight against money laundering and the financing of terrorism in the modern digital environment

The fight against money laundering and terrorist financing gains a new dimension with the advent of digital currencies. Digital currencies also include cryptocurrencies, which very quickly attract a large number of users, mostly legitimate users. Due to their nature, cryptocurrencies are becoming a preferred vehicle for money laundering and terrorist financing (AML/CFT). Cryptocurrencies themselves rely heavily on pseudo-anonymity as well as high transaction speed. Namely, the volume and speed of transactions greatly complicates the work of agencies tasked with fighting money laundering and terrorist financing. The emergence of artificial intelligence as well as specialized tools based on artificial intelligence greatly help agencies to more quickly and accurately locate transactions that can be linked to money laundering and terrorist financing.