ACAMS Connecticut Chapter May 2025 Virtual Event: De-mystifying AI’s Magic for FCC: De-bunking myths about Artificial Intelligence (AI) with examples of how AI impacts FinCrime Compliance (FCC)

Overview

Since ChatGPT became a household word, AI has created mixed emotions, with many touting the positive potential impact while others fear more negative consequences. Regardless of whether AI overlords eventually rule over all humanity or not, it is important to separate the myths from reality and discuss practical applications available today to positively impact the way banks and other financial institutions (FIs) fight financial crime. This session will help unpack different types of AI and how they are being used for FCC, their potential impact, and how to bring that impact back to your FI.