Home SECURITY Google Launches Google Cloud AML AI Cloud Service to Fight Money Laundering

Google Launches Google Cloud AML AI Cloud Service to Fight Money Laundering

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Google Launches Google Cloud AML AI Cloud Service to Fight Money Laundering

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Google Launches Google Cloud AML AI Cloud Service to Fight Money Laundering

AI will analyze customer transactions and report suspicious transactions to banks.


Google cloud announced the launch a new product that will help financial institutions fight money laundering with the help of artificial intelligence. The product is called Google Cloud AML (Anti-Money Laundering) and is a cloud-based platform that analyzes transactions and customer behavior in order to detect suspicious activities and prevent financial crimes.

Google Cloud AML uses machine learning, neural networks, and natural language to process large amounts of data and generate risk alerts, reports, and recommendations. The product also integrates with other Google Cloud services such as BigQuery, Cloud Storage, and Cloud Dataflow to provide scalability, security, and flexibility.

Google Cloud AML is designed for financial institutions of various sizes and sectors, including banks, insurance companies, payment processors, and fintech companies. The product will help them reduce compliance costs, increase employee productivity, improve customer experience, and protect their reputation.

Google Cloud AML has already received positive feedback from some partners and customers who have tested the product in pilot projects. Among them is major European bank ING, which said Google Cloud AML helped it speed up its money laundering detection process by 10x and reduce false positives by 20%.

Google Cloud AML is available for order starting June 21, 2023.

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