THE USE OF ARTIFICIAL INTELLIGENCE TECHNOLOGY TO DETECT FINANCIAL CRIMES IN CORPORATE

AUTHOR – DRISHTI KAMALAKSHA KOTIAN, STUDENT AT AMITY LAW SCHOOL, AMITY UNIVERSITY

BEST CITATION – DRISHTI KAMALAKSHA KOTIAN, THE USE OF ARTIFICIAL INTELLIGENCE TECHNOLOGY TO DETECT FINANCIAL CRIMES IN CORPORATE, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (1) OF 2025, PG. 546-553, APIS – 3920 – 0001 & ISSN – 2583-2344.

Abstract

In the era of expedited globalization and technological advancement in every aspect of the economic and social growth, the growth of financial crimes in the corporate alongside is very evidently increasing. Such frauds can be prevented, tracked and detected through the usage of Artificial Intelligence more proficiently than the traditional methods available in today’s world that cannot keep up with the anomalies in financial transactions, since dealing with complex algorithms and layered financial activities is best done through Artificial Intelligence.

Collectively, this research paper gives an intricate insight on the multi-faceted aspects of Artificial Intelligence in the detection of financial crimes in the corporate, its impact, benefits, ethical implications and need for constant evolution of the Artificial Intelligence in itself.

A more adaptable approach is needed for the pace at which the financial world is growing and Artificial Intelligence, currently, fits the role well.

Keywords: Artificial Intelligence, Financial crimes, Machine Learning, Risk Management, Natural language processing, blockchain technology