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Anti-money laundering: the examination of anomalies in the new Uif instructions on suspicious transaction reporting

Anti-money laundering: the examination of anomalies in the new Uif instructions on suspicious transaction reporting

In its new Instructions on the detection and reporting of suspicious transactions, the Financial Intelligence Unit defines the scope and content of reports with the objective of improving their quality, completeness, timeliness, and confidentiality, while avoiding automatic mechanisms. The regulation formalizes the assessment process carried out through technologies used to identify unusual transactions, including the controlled use of Artificial intelligence.