Indian bank governor stresses AI's role in fighting money laundering, calls for better tools and data.

Reserve Bank of India Governor Sanjay Malhotra highlighted the crucial role of AI and machine learning in combating money laundering, calling for improved risk assessment tools and better data quality. Speaking at the FATF forum, Malhotra stressed the need for regulators to keep up with financial trends and avoid hindering legitimate activities. He also emphasized the importance of public-private partnerships in fighting financial crimes.