Money laundering is increasingly complex and expensive, and eradicating it has become a huge market.
Many AML tools are effectively blunt instruments with staff manually inputting alerts to a system with somebut these practices may not be sufficient, Delingpole said in an interview with Business Insider.
"The Danske Bank scandal shows that despite concerted efforts by the EU to prevent money laundering, the existing global financial system, and the enablers within it, makes it possible for criminals to enjoy the spoils of their ill gotten gains," according to Delingpole. The company uses a self improving algorithm which can provide a snapshot of a company's risk in real time by scanning millions of data sources, both structured and unstructured.
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