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Challenger bank Bunq wins historic ruling on use of AI to combat money laundering

Bunq logo on mobile phone
Photo: bunq.com

Landmark ruling in Dutch court opens door to AI.

Online challenger bank Bunq has made history by successfully suing its regulator, the Dutch Central Bank (DNB), over the use of AI and machine learning to monitor its anti-money-laundering strategy.

Bunq had been prevented by the DNB from using the technology to carry out the checks needed to comply with