More than one trillion U.S. dollars are estimated to be involved in worldwide acts of bribery and political corruption each year. These crimes impede developing nations from achieving stability, recovering from disasters and realizing measurable growth by siphoning off foreign aid and stealing national revenue. In recent years, the United States government has dramatically intensified its efforts to enforce the provisions of the Foreign Corrupt Practices Act (FCPA). Nearly $2.5 billion in penalties were assessed in 2016, making it the biggest enforcement year in FCPA history. Modern technologies and advancements in data science such as artificial intelligence (AI) and machine learning are well suited to solve this problem.
- Mitigating FCPA Risk with Artificial Intelligence
- QuantaVerse Webinar: The Automation of AML and FCPA
- Global Enforcement and Anti-Bribery Violations are on the Rise
- Turning The Tables On Financial Criminals: Data Science Powered Risk Reduction
- Integrating Artificial Intelligence Into Anti-Bribery And Corruption Programs To Mitigate FCPA Risk