Generative artificial intelligence ( GenAI )― especially large language models ( LLMs )― has the potential to reshape industries through advanced language understanding and pattern recognition . In anti-money laundering ( AML ) compliance , LLMs can enhance transaction monitoring , improve risk assessment and automate report generation , program governance and investigations . Financial institutions ( FIs ) use AI to analyze unstructured data , detect anomalies in customer behavior and streamline know your customer ( KYC ) procedures . A World Economic Forum report underscores AI ’ s influence on financial services , highlighting its potential to significantly enhance compliance processes . 1
ACAMS Today | March – May 2025 61