Our system to fight money laundering is fundamentally broken.
Money Laundering is one of the most pressing burdens to global society and cost us 2.7% of global GDP annually. Financial institutions spend over USD 200bn annually to comply with AML regulations. The outcome is a success rate of less than 1%.
Financial institutions are not offered any appropriate solutions to ease the compliance burden and the risk of being fined.
are laundered globally per year
avg. spend for AML per Bank in one year
of laundered money is seized
of time spend on False positives