Conference to hear how data science can help avert money laundering
Tracking the source of thousands of transactions can be a daunting task, but it’s one that casinos must do in order to comply with government agencies to detect and prevent money laundering—a crime that legitimizes money derived from criminal activity. An emerging technology, data science, may have a role to play in preventing money laundering at casinos. Experts will discuss emerging technologies at the 15th annual Anti-Money laundering and Financial Crime Conference, held at the Aria between Monday and Wednesday. “If you ignore financial activity that is being used for criminal purposes, people die,” said John Byrne, executive vice president of the Association of Certified Anti-Money Laundering Specialists. Criminals use money laundering to get rid of bills that can be tied to a crime by trading those bills for “clean”…
Link to Full Article: Conference to hear how data science can help avert money laundering
Sharing
