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BIS Project Aurora finds shared machine learning detects money laundering networks better

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Source: Bank for International Settlements

The BIS Innovation Hub’s Nordic Centre concluded Project Aurora on 31 May 2023 with a 103-page report. Using a synthetic payments dataset with embedded laundering patterns, it tested machine learning, network analysis and privacy-enhancing technologies across institutions and borders. It found that collaborative analysis and learning detects money laundering networks more effectively than banks screening their own transactions in isolation.

Why it matters

Central banks tested whether banks could pool payments data for AI-based anti-money-laundering checks without exposing customer data, a question that bears on how compliance teams share information.

When
31 May 2023
ID
WTA-N-2023-0062
Who
Bank for International Settlements, BIS Innovation Hub

Summary by wheresthe.ai, from Bank for International Settlements. Checked against the source on 9 Oct 2026.

Read the original at Bank for International Settlements

Source copy: download the page as saved on 18 Oct 2026 (PDF). Document the source offers: document 1 (PDF). Also held by the Internet Archive.

Next stop on this Storyline: What happened nextBIS Annual Economic Report devotes a chapter to AI and central banks

Cite this story

WTA-N-2023-0062: “BIS Project Aurora finds shared machine learning detects money laundering networks better.” wheresthe.ai, 31 May 2023. https://wheresthe.ai/d/intl-bis-project-aurora-anti-money-laundering-2023-05/ (source: Bank for International Settlements).

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