Google Launches Cloud-Based AML Service to Tackle Money Laundering

Google Cloud has recently launched a new product, the Google Cloud Aml, which uses artificial intelligence to help financial institutions fight money laundering. The platform allows for the analysis of transaction and customer behaviour data to effectively identify suspicious activities and prevent financial crimes. Using machine learning, neural networks, and natural language processing, the Google Cloud Aml generates risk notifications, reports, and recommendations, while integrating with other cloud services for scalability, safety, and flexibility.

Designed to support financial institutions of all sizes and sectors, including banks, insurance companies, payment systems, and more, the Google Cloud Aml aims to reduce compliance costs, increase employee efficiency, improve customer service quality, and protect reputations. The platform has already received positive feedback from partners, such as ING, who stated that the Google Cloud Aml helped accelerate their detection process by 10 times and reduce false works by 20%.

The Google Cloud Aml is now available for order starting from June 21, 2023.

/Reports, release notes, official announcements.