EC ¦ AI in Fraud Detection and AML

19 May 2025

EC ¦ AI in Fraud Detection and AML

Analysis of EU AI Office stakeholder consultations on defining AI systems and prohibited applications

The Commission published a report analyzing stakeholder feedback from public consultations on the AI Act’s regulatory obligations regarding the definition of AI systems and prohibited AI practices, highlighting calls for clearer technical definitions and concrete examples of prohibited activities.

The resulting non-binding guidelines aim to help providers and stakeholders effectively apply the AI Act and will be updated over time based on practical experience and emerging use cases.

Bastian Schwind-Wagner
Bastian Schwind-Wagner "The study stresses the importance of clear guidelines to support AI`s legitimate use in fraud detection while preventing misuse and ensuring compliance with the AI Act."

The full report is available on the EC website.

The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
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Bastian Schwind-Wagner
Bastian Schwind-Wagner Bastian is a recognized expert in anti-money laundering (AML), countering the financing of terrorism (CFT), compliance, data protection, risk management, and whistleblowing. He has worked for fund management companies for more than 24 years, where he has held senior positions in these areas.
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