The UN estimates that $2 trillion is laundered annually and less than 1% of financial crimes are stopped, despite hundreds of billions spent by companies on anti-money-laundering (AML) compliance. Money laundering is not victimless. It enables the trafficking of drugs, weapons, endangered animals and humans.

Of the 40 million people held captive in modern slavery, a quarter are children. This is an asymmetrical war with criminals and terror networks using high-tech methods to hide money, and the financial industry and government still relying mostly on analog technology. AML is one of the most advanced use cases for RegTech. AIR works with regulators, law enforcement, banks and technology firms to create new tools to fight financial crime.


BLOG • How to Arm Anti-Corruption Fighters with Better Data Tools

AIR held the first of multiple TechSprints on new technologies to shine a light on global corruption. The events, held in concert with the State and Treasury departments, grew out of a White House initiative to promote democracy.

PODCAST • Ribbit Capital’s Mandelker on How to Modernize Government Technology

Former Treasury Undersecretary Sigal Mandelker speaks to Jo Ann with informed insight and candor about the need for the government to work better and the technology gap in financial regulation.

TECHSPRINT • AIR Partners with State, Treasury on Summit for Democracy TechSprint

The Anti-corruption Solutions through Emerging Technologies (ASET) TechSprint explored how technology can aid the fight against corruption. AIR ran the event, which grew out of the Summit for Democracy, with the State and Treasury departments.

TECHSPRINT • AIR Runs First U.S. Regulatory TechSprint to Explore AML Solutions

The Anti-Money Laundering TechSprint, held in cooperation with the U.K.’s Financial Conduct Authority, focused on using privacy-enhancing technologies to fight financial crimes that aid human traffickers, drug cartels and other bad actors.

PODCAST • Rep. Bill Foster on How AI Will Transform Finance

The Illinois Democrat was appointed chair of a House task force on artificial intelligence. He speaks with Jo Ann about banks’ efforts to be more tech savvy, digital identity issues and algorithmic bias, among other subjects.

REPORT • A New High-tech Era for AML Compliance in the U.S.

In a chapter for the 2022 Paypers Financial Crime and Fraud Report, AIR CEO Jo Ann Barefoot examines the potential of data-driven regtech solutions to reduce false-positives and ultimately lead to a more effective anti-money laundering regime.

TECHSPRINT • Protecting Children from Online Predators

The Protecting Children TechSprint focused on combating the purchase of child sexual abuse material (CSAM) through the use of crypto analytics. It was featured in Fast Company magazine’s 2021 World Changing Ideas awards.

PODCAST • AIR’s Barefoot Featured on Fintech Insider Podcast about Financial Crime

Jo Ann Barefoot, CEO of the Alliance of Innovative Regulation, was a guest on a recent episode of the podcast, participating in discussions about the state of financial crime, the rise of crypto and how to balance innovation with security.

PODCAST • Optimizing Use of Encrypted Data is Key to Thwarting Financial Crime

Ellison Anne Williams, CEO of Enveil, sits down with Jo Ann to explain how homomorphic encryption allows financial institutions and authorities to share anti-money laundering information without compromising privacy.

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