Twenty-five years after the USA PATRIOT Act reshaped financial crime compliance, AI is ushering in the next major shift, particularly in the time- and resource-intensive process of Enhanced Due Diligence (EDD). In this byline, David Caruso, a veteran in AML compliance and VP at WorkFusion, would outline how AI technologies like natural language processing, machine learning, and intelligent document processing are helping financial institutions automate manual steps, reduce risk, and shift focus back to high-value...
