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.


Pre-registration for the AML Masterclass series, demystifying AI and machine learning for anti-money laundering, is open now

In early 2022, the EBF and SAS will launch a joint, virtual AML Masterclass series, led by AML experts versed in leveraging advanced analytics for AML. Unlike conventional courses on the subject, which focus primarily on the regulatory and operational aspects of AML, this series will spotlight how artificial intelligence (AI) and machine learning can boost the effectiveness of banks’ efforts in fighting financial crime.

Pre-register today for the complimentary, two-part AML Masterclass, which will include:

Demystifying AI for Anti-Money Laundering

Debuting in March 2022, the inaugural session will examine how AI and machine learning technology for AML really works. It will also explore shared transaction monitoring facilities as an opportunity for enhancing AML transaction monitoring and how it fits into the current regulatory framework.

New technologies for KYC

In April-May 2022, the second session will snapshot the current legislative landscape and delve into novel ways advanced analytics can facilitate banks’ know your customer (KYC) and customer due diligence processes. Experts will also demonstrate how solutions like digital identification and network visualization can improve the transparency and efficiency of customer onboarding.

Following the online Masterclass sessions – and aligning with the ACAMS Europe Conference in June 2022 – the EBF will host an in-person social event with SAS in Brussels. There, a panel of AML experts will lead a discussion and live Q&A on how banks can embed advanced analytics into their AML frameworks.


SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®. For more information, visit Twitter handle: @SASsoftware

ABOUT the European Banking Federation

The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The federation is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: Twitter handle: @EBFeu