FCA Develops AI Compliance Tools for Incoming AML Firms

Community Trust Score Verified 81 % Real Verified 27 votes Updated 41 seconds ago The FCA is building AI supervision tools for 60,000 anti-money-laundering firms set to come under its oversight in 2028. Jessica Rusu, the agency’s chief data, information and intelligence officer, laid out the plan alongside a broader push to use AI across the regulator’s own operations — and to set clearer expectations for firms deploying the technology themselves. This matters because a regulator that can monitor a surge of newly supervised firms more efficiently is better positioned to reduce compliance gaps before they become systemic risks.

Source: The Currency Analytics