Human trafficking is one of the most pervasive and complex crime that often operates in the shadows of legitimate financial transactions. Despite the efforts of law enforcement and financial institutions, the trafficking of vulnerable individuals continues to thrive, in part due to the limitations of traditional financial monitoring systems. These systems are not always equipped to detect the hidden patterns and suspicious activity that signal human trafficking, making it difficult to intervene in time.
Recently however, Artificial intelligence (AI) has begun playing a pivotal role in addressing these challenges. With its ability to analyze vast amounts of data and detect subtle anomalies, AI is offering new tools to combat trafficking networks. One recent example of AI’s potential to disrupt these criminal activities comes from a collaboration between Santander UK and ThetaRay, a leading provider of AI-powered financial crime detection technology. The partnership was recognized for ‘Best Use of Data for …