EBF and SAS ally to help banks fight financial crime with AI
The United Nations Office on Drugs and Crime estimates that US$800 billion to US$2 trillion is laundered through worldwide financial systems each year. That’s an astonishing 2-5% of global GDP. The European Banking Federation (EBF) – uniting 32 national banking associations in Europe, representing 5,981 banks with roughly 2.6 million employees – has partnered with SAS to help financial firms worldwide curb the deluge.