- 600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention
- 91% of firms are already using AI for prioritising transaction monitoring alerts
- Firms must navigate strict AI regulations like ISO 42001 and the EU AI Act to ensure compliance and mitigate risks
600 senior compliance leaders from financial services and fintech firms shared insights on AI adoption in financial crime prevention
According to ComplyAdvantage’s The State of Financial Crime 2025 report, financial institutions are increasingly turning to artificial intelligence (AI) to enhance compliance processes. The survey gathered insights from 600 senior compliance decision-makers across financial services and fintech firms in the US, Canada, UK, France, Germany, the Netherlands, Singapore, Hong Kong, and Australia. Respondents represented organisations with at least $50m in revenue and 50+ employees, providing a comprehensive perspective on AI adoption in financial crime prevention. A key area of focus was the use of AI in prioritising transaction monitoring alerts, a critical function in detecting and mitigating financial crime risks.
91% of firms are already using AI for prioritising transaction monitoring alerts
The findings revealed that 91% of firms were either already using or planning to implement AI for transaction monitoring alert prioritisation. Among them, 50% had fully integrated AI into their processes, while 41% used it on an ad-hoc basis. An additional 8% planned to adopt AI within the next 12 months, leaving only 1% with no plans to implement the technology. These figures underscore the financial sector’s strong commitment to leveraging AI-driven solutions to improve efficiency, reduce false positives, and enhance financial crime detection. AI is increasingly seen as a necessity rather than an optional innovation, as firms seek to stay ahead of evolving regulatory expectations and compliance demands.
Firms must navigate strict AI regulations like ISO 42001 and the EU AI Act to ensure compliance and mitigate risks
With AI playing an expanding role in compliance, firms must navigate complex regulatory landscapes to ensure their systems are legally and ethically sound. The survey highlighted the growing importance of adhering to global AI governance frameworks such as ISO 42001 and the EU AI Act, which set industry standards for responsible AI deployment. Regulatory bodies, including the UK’s Financial Conduct Authority (FCA), are already utilising AI for supervisory purposes, meaning firms must prioritise explainability and auditability in their AI-driven compliance strategies. Failure to meet these evolving standards could expose organisations to reputational risks and regulatory scrutiny, reinforcing the need for a robust, compliance-first approach to AI adoption.
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