Cross-Institutional Anti-Money Laundering Autonomous AI Agents. This project will address the growing threat of money laundering, which costs Australia billions annually and weakens financial integrit

Description

Cross-Institutional Anti-Money Laundering Autonomous AI Agents. This project will address the growing threat of money laundering, which costs Australia billions annually and weakens financial integrity. Current systems fail to track illicit funds across multiple banks, allowing criminals to exploit gaps. This project uses autonomous AI agents in a federated large language model framework to track suspicious transactions and enable secure collaboration between banks. Using privacy-preserving techniques, such as searchable encryption, AI agents will detect the transactions and send alerts across institutions without compromising sensitive data. Expected outcomes include efficient detection, reduced compliance costs, improved financial security, and stronger international anti money laundering efforts.. Scheme: Linkage Projects. Field: 4602 - Artificial Intelligence. Lead: Prof Ernest Foo