H3M.IO KROTON modules works hand-in-hand with legacy rule based AML systems and upgrades them with the help of Artificial Intelligence. KROTON product suite includes 5 AI based modules which powerfully combines compliance know-how with data science:
Money Laundering is a global problem: International Monetary Fund (IMF) estimates that about 2-5% of global GDP (up to 2 trillion USD) is involved in money laundry. On the other hand, there are trillions of transactions globally, and it is very hard to detect suspicious operations. In the last decade, banks in US and EU are fined over 340 billion USD related to AML cases.