AI and Financial Crime

Описание: The Institute of Internal Auditors Presents: All Things Internal Audit

In this episode, Antonio Cacciapuoti and Alessandro Casarotti join Ricardo Martinez to discuss the impact of AI on financial crime. They explore how AI is being used by criminals, the challenges it presents, and how internal auditors can leverage AI to enhance their controls and detection mechanisms.

Hear from this episode's guests, Antonio Cacciapuoti and Alessandro Casarotti, at their upcoming session at The IIA's 2025 Fraud Virtual Conference on February 20th.
https://www.theiia.org/en/events/conf...

Host:

Ricardo Martinez, senior manager, Portfolio Strategy, The IIA
  / ricardomartinezmba  

Guests:

Antonio Cacciapuoti, head of internal audit, Eurizon
  / antonio-cacciapuotiti-30b2991b9  

Alessandro Casarotti, forensic and anti-financial crime director, PwC Luxembourg
https://www.linkedin.com/in/alessandr...

Key Points:

Introduction to AI in Financial Crimes (00:00:02)
Criminal Use of AI in Financial Crimes (00:00:35)
AI's Impact on Misinformation and Market Manipulation (00:00:51)
AI in Transaction Monitoring and Predictive Analysis (00:04:12)
Challenges with Data Quality and System Maturity (00:07:24)
Human Skills and Data Quality in AI Efficiency (00:08:31)
AI's Role in Reducing False Positives (00:06:08)
Importance of Human Factor in AI Implementation (00:09:11)
AI's Limitations and the Need for Human Oversight (00:10:13)
Future of AI in Internal Auditing (00:12:19)
Multidisciplinary Approach for Future Talent (00:15:29)
Risks of Over-Reliance on AI by Young Auditors (00:17:29)
Conclusion and Final Thoughts (00:18:23)

The IIA Related Content:
Interested in this topic? Visit the links below for more resources:

-Artificial Intelligence Knowledge Center
https://www.theiia.org/en/resources/k...

-Auditing Artificial Intelligence (AI) Course
https://www.theiia.org/en/products/le...

-Demystifying AI: Internal Audit Use Cases for Applying New Technology
https://www.theiia.org/en/content/res...

-IIA 2025 Fraud Virtual Conference
https://www.theiia.org/en/events/conf...

-The IIA's Internal Audit Competency Framework
https://www.theiia.org/en/resources/i...

Resources Mentioned:

-IIA 2025 Fraud Virtual Conference
https://www.theiia.org/en/events/conf...

-PwC Global Economic Crime and Fraud Survey
https://www.pwc.com/gx/en/services/fo...

-IIA Artificial Intelligence Knowledge Center
https://www.theiia.org/en/resources/k...

-IIA Vision 2035
https://www.theiia.org/globalassets/s...

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