Claim · 2018-02 · publication · Stated in source · Supported

The Basel Committee’s ‘Sound Practices’ report of February 2018 states that analytics of big data associated with machine learning and AI can support banks’ financial crime divisions in monitoring and reporting suspicious transactions.

One recorded claim. The claim panel gives its qualification, the source passages with their place in each source, and how it was checked.

What it connects

Sound Practices: Implications of fintech developments for banks and bank supervisors → articulates → AI can improve financial firms’ risk management

Where it appears

AI and money: what central banks and financial authorities have said, 1997–2026 →

Claim and evidence

Sound Practices: Implications of fintech developments for banks and bank supervisorsarticulates ↓AI can improve financial firms’ risk management

Machine-checkedStated in sourceSupported

Supporting evidence: primary · 1 source

Date: 2018-02 · publication Records dated 2018 →
Role: Articulation
Register (kind of text): Nonfiction

Scope and limitsConcerns AML/CFT; the same report states that the accuracy of AI/ML credit models is unproven (recorded separately as contesting).

The evidence 01

primary sourceSupports the claim

Sound Practices: Implications of fintech developments for banks and bank supervisors

Basel Committee on Banking Supervision (Bank for International Settlements) · 2018-02

Cite the original source

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Source excerpt

“Analytics of non-structured data (big data) associated with machine learning and AI can support banks' financial crime divisions in the monitoring and reporting of suspicious transactions.”

Location in source PDF p. 30 (printed p. 29), section on AML/CFT, paragraph on regtech solutions

How it was read Retrieved directly from the publisher

Machine-checked · 2026-11-06

Source details and check notes

Authors: Basel Committee on Banking Supervision
Version: Retrieved for the candidate pack on 2026-11-02 (SHA-256 bc4a965c27f5455262507b2d4b95d0bc6ca0acba1b7d01f521605d33c1552734). Retrieved again at admission on 2026-11-06 (same file). PDF as served on 2026-11-02 (requested at https://www.bis.org/bcbs/publ/d431.pdf, redirected to the landing page whose PDF link is the address given)
Canonical address: Open the canonical source ↗
Accessed: 2026-11-06
Language: English (en)
Attribution: Basel Committee on Banking Supervision, “Sound Practices: Implications of fintech developments for banks and bank supervisors”, 2018-02.
Reuse: No open redistribution licence asserted. Bibliographic metadata, editorial paraphrases and short attributed quotations (at most 50 words each). Recheck terms before wider redistribution.
Check notes: Candidate pack passage, AI and money (research/ai-money). The quotation (26 words) matched a fresh retrieval of 2026-11-06 (the same file the candidate pack read). Matching ignored differences of whitespace, case, quotation marks, dashes, line-break hyphens and Unicode compatibility forms. No human editorial review.

Status and meaning

Editorial status. Machine-checked. Machines found this record and checked it against its sources; no person accepted it individually. Each evidence record above shows how it was checked.

Relation. A passage of the document meets the proposition’s criterion. The record documents what the text states, in its register (fiction and satire are labelled); it is not evidence that the proposition is true and implies no influence on or from another text.

Date. Date of publication, as the text gives it.

Record ID am-u10-bcbs-2018-sound-practices-fintech