Paphos university launches AI centre to combat money laundering

Neapolis University Pafos (NUP) on Thursday announced the establishment of the Jean Monnet Centre of Excellence AI-2-Trace-Crime, a project supported by the European Union.

According to the announcement, this initiative focuses on the application of artificial intelligence (AI) in the fields of asset recovery, anti-money laundering (AML), and crime prevention.

The university stated that “this significant project has received approval and funding from the European Union, marking...