EC ¦ AI in Fraud Detection and AML

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.

The full report is available on the EC website.

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."

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Bastian Schwind-Wagner
Bastian Schwind-Wagner Bastian is a recognised expert in AML/CFT, compliance, data protection, risk management and whistleblowing. He spent 21 years working for fund management companies where he held senior positions in these areas.
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