WHEN it comes to following the money, the authorities have their work cut out.
Which is why Australia s financial intelligence agency is turning to AI for help.
In Australia, the scale of the problem could amount to some US$4.5 billion annually.
It s just become harder and harder for us to keep up with the volume and to have a clear conscience that we are actually on top of our data, says Pauline Chou at AUSTRAC.
To tackle the problem, the agency teamed up with researchers at RMIT University in Melbourne.
Together they developed a machine learning system to identify suspicious activity.