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.
At hawk:AI we build the world’s most powerful central money laundering detection platform that assists financial intuitions with their financial crime compliance process end-to-end (transaction monitoring, investigation, filing and audit trails) for financial institutions.