For more than a decade, banks treated financial crime compliance as a scaling problem—more headcount, more rules, more point-solution automation bolted onto the same legacy operating model. That model is now colliding with two forces: criminals using AI agents to originate and launder proceeds at machine speed, and agentic AI moving into production inside banks. The uncomfortable truth: banks allocate 10–15% of total headcount to KYC and AML yet detect only about 2% of global illicit flows. If the financial crime operating model is broken, what should be done today to redesign it? This panel confronts what’s actually broken, why a decade of automation investment has produced incremental rather than transformational change, and what a genuinely fit-for-purpose operating model requires going forward.
LEADERS is a flagship channel that spotlights C-level executives and top experts as they discuss transformative topics for an audience of key decision-makers. We deliver thought leadership on the most pressing issues driving the future of financial services. The LEADERS series is made possible by the support from top industry collaborators including WorkFusion.
Source: www.americanbanker.com
