BoE’s AI Consortium explores AI’s role in financial services, focusing on benefits, risks, and safe adoption, while addressing growing concerns around financial crime, ethics, and resilience

by | May 2, 2025

The phrase “Shape Future” underscores the consortium’s role in influencing the evolution of financial crime detection and risk management, making it clear that the platform aims to bring innovation to these critical areas. It also emphasizes the dual nature of the...

RUSI’s policy brief outlines critical gaps in the UK’s response to illicit finance and calls for reforms in governance, coordination, funding, and long-term strategic alignment across Govt

by | Apr 30, 2025

Despite the critical nature of combating ML and FC, the government’s approach remains fragmented, with a lack of strategic leadership and effective coordination across key departments. The absence of a unified vision has resulted in an ad hoc system, where the success...