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Machine learning and anti-corruption compliance

Tom Fox | June 24, 2018

The use of artificial intelligence (AI) will truly revolutionize compliance, allowing it to more efficiently and robustly be operationalized into the fabric of an organization employing this new technology. Not only is this one exciting reason to be involved with the compliance profession today, tomorrow, and into the future, it also make companies run more efficiently and with higher profitability. 

One area with the prospect of greater application is machine learning of bribery and corruption schemes. This is the type of AI that moves past the information that compliance professionals may be able to pull from corporate databases, such as gifts, travel, and entertainment (GTE). Consider when one employee spends a large amount of GTE not on one foreign government official but on one department. Now pair that example with an entire business unit that spends far over the limit for one company employee on one foreign government official. Key issues arise around too many false...

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