Ian Jeffries (Chief executive of the Law Society England and Wales), Victoria Hancox (Head of Regulation & AML), Chris Green (CEO Xapien). Courtesy Photo Pinsent Masons Launches AML AI Tool in Wake of SRA Crackdown
The firm expects certain due dilligence and AML challenges to be reduced from weeks to hours.
November 19, 2024 at 05:42 PM
3 minute read
Pinsent Masons has partnered with AI company Xapien to launch a large language AI tool that the firm says to be the first for AML compliance.
The product, an automated AML due diligence and risk assessment tool, tackles client onboarding challenges such as thorough screening, ballooning compliance costs and slow onboarding processes.
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