Artificial Intelligence in Anti-money Laundering: A New Era of Business Integrity and Ethical Entrepreneurship
Artificial Intelligence in Anti-money Laundering: A New Era of Business Integrity and Ethical Entrepreneurship

Author(s): Carlos Imbrosio Filho
Subject(s): Social Sciences
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Artificial Intelligence; Anti-Money Laundering; AML; Business integrity; Compliance; Machine learning; Entrepreneurs; Ethical business; Financial crime; Law and economics; FinTech
Summary/Abstract: This paper examines the transformative role of Artificial Intelligence (AI) in enhancing business integrity and fostering ethical entrepreneurship through improved anti-money laundering (AML) compliance. Traditional AML methods, hindered by manual inefficiencies and limited scalability, struggle to detect complex laundering schemes. AI addresses these challenges by leveraging advanced algorithms and machine learning to process large datasets, identify patterns of financial crime, and predict high-risk activities with greater accuracy. By automating routine tasks, AI optimizes resource use, allowing compliance professionals to focus on strategic decision-making and ethical evaluation. The study also highlights AI’s ability to support entrepreneurs in building a culture of compliance and integrity, aligning operations with legal and ethical standards. As AI evolves, its capacity to reduce biases, enhance transparency, and increase accountability significantly bolsters ethical business practices. However, the research emphasizes the need for ethical considerations in AI deployment to avoid over-reliance on automation and ensure fairness and accuracy in AML protocols.

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