Comply and explain – time to open the black box

Rocket science maths and algorithms near impossible todisentangle, let alone translate into terms the layman or, at least, aregulator can understand, will no longer cut it, says Sarah Gibbons. AMLprofessionals, both in industry and supervision, are demanding to know howentity and transaction data are ingested, cleansed, ordered and crunched by AIand machine learning systems to generate alerts.