In a budget hearing yesterday, AMLC executive director Matthew David said they need AI assistance in managing millions of covered and suspicious transaction reports (CTRS and STRs).
"In the AMLC, the AI project is already under development. We're about to complete it within this year. We've already procured suppliers more than a year ago," he said.
He said the advanced AI system was a joint venture with Tiger Inc. and would likely be operational by early next year if the AMLC would be able to procure a subscription for the AI after developing the program.
According to David, the AMLC received 15 million CTRS and STRs last year from 14,000 covered persons, including banks, designated non-financial businesses and professions (DNFBPs), law enforcement and government agencies.
Bu hikaye The Philippine Star dergisinin August 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin August 28, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
AND NOW, THE LATEST IN ANTI-AGING SKIN TREATMENT
Before, we only used volume restoration by filler injections to fight aging. Today, layering is the latest filler injection technique that addresses skin aging based on the anatomical changes that occur as one grows older.
AYURVEDA: A GEN-XER'S GUIDE TO ANCIENT HEALTH WISDOM
For a society used to doctor's prescriptions, embracing Ayurveda might feel like trying a new health trend. And if it means raising a mug of warm water in place of a pill, that's a toast I'll gladly make.
These 'madiskarte' moms mean business
In 2020, PLDT launched Madiskarte Moms PH, a mompreneur Facebook community, as a way for Filipino mothers to start and grow their home-based businesses to augment their family income during the height of the pandemic.
FIVE HEALTH HACKS FROM THE GLUCOSE GODDESS
New York-based French biochemist and New York Times bestselling author, Jessie Inchauspé, is a standard social media go-to for hacks on managing sugar spikes and diabetes.
Caring for loved ones with disabilities
After a series of eye surgeries in the US (18 surgeries from 1982 to 1989 due to glaucoma), Jaime Silva, more known to family and friends as Jimmy, and his wife Helen decided to change the focus of their lives.
MassKara 2024: MassKara Unmasked!
I spent five wonderful years of my childhood in Iloilo City, and would visit Bacolod, which was just a ferry ride away. I love its people, its food and its historical structures.
Hayao Miyazaki to be honored at filmfest
Japanese master filmmaker Hayao Miyazaki will be honored with this year's prestigious Ramon Magsaysay Award.
DAN+SHAY, OTHER HOLIDAY SOUNDS TO WELCOME NOVEMBER
How best to welcome November? With only a few weeks until Christmas day, nothing beats Christmas sounds.
RINI on collaborating with OPM artists, giving back to Pinoy fans
For Filipino-Australian singer-songwriter RINI, experimenting or exploring new ideas is in the nature and DNA of any artist.
LEGENDS, FREAKS AND ICONS GATHER AT ‘SHAKE, RATTLE AND BALL’ 2024
FROM CHUCKY DOLL and his bride to pop superstar Taylor Swift, celebrities, showbiz personalities, and influencers – including GMA Sparkle artists – attended this year's \"Shake, Rattle and Ball\" in character, donning their most outlandish and eye-catching outfits on the black carpet last Thursday at One Ayala in Makati.
