Artificial Intelligence is now deeply embedded in financial crime prevention — but without the right controls, governance, and human oversight, firms risk compliance failures and regulatory scrutiny.
Building on FINTRAIL’s 6 core standards for effective AI implementation, this practical checklist helps firms assess how effectively AI is being deployed within their anti-financial crime (AFC) frameworks.
The checklist covers five key areas:
✓ AFC policies: ensuring roles, responsibilities, and AI use cases are clearly defined
✓ Risk management: identifying model risks, tolerances, and escalation procedures
✓ AFC operations: embedding explainability and human-in-the-loop controls across onboarding, monitoring, and reporting
✓ Vendor selection: assessing and integrating third-party tools appropriately
✓ Ongoing oversight: maintaining audit readiness and continuous performance monitoring
