Hessen starts innovative initiative against money laundering: a European model!

Hessen starts innovative initiative against money laundering: a European model!

On June 4, 2025, Hesse's Minister of Economics Kaweh Mansori and Finance Minister Prof. Dr. R. Alexander Lorz starts the start of a unique project in Europe to combat money laundering. Commerzbank, Deutsche Bank and N26 are partners in this innovative project. The aim of the project is the faster detection of conspicuous cash flows between bank accounts and the digitization of the comparison between financial institutions to identify suspicious patterns. Frankfurt will further strengthen this as an important location for money laundering control in Europe.

A central element of the project is Eurodat, a state -owned data trustee that enables a safe and data protection -compliant exchange of sensitive account details. With the application Safeaml are reconstructed over several banks in order to uncover money laundering networks. The process starts on a occasion and dispenses with the processing of personal data, while the latest encryption technology is used to ensure data protection.

digitization and increase in efficiency

The project provides to digitize the previous information exchange between financial institutions, which was often difficult and manually and time -consuming. According to deloitte the information exchange with Safeaml organized legally and technically safely. Digitization not only makes processes faster, but also standardized.

The development of the project is supported by partners such as D-Fine, Deloitte, Hawk.ai and Spotixx. This cooperation aims to take action against the challenges of money laundering, which are conditional due to outdated systems and manual processes. Financial institutions often use rule-based monitoring and screening systems that are considered ineffective and in many cases the progress of modern AI technologies have not taken into account.

The way to artificial intelligence

The vast majority of financial institutions are hesitating to completely switch to new systems, although numerous articles and reports emphasize the advantages of artificial intelligence in combating financial crime. Deloitte therefore proposes a concept of the "Ki-overlay" that can improve existing systems without completely rejecting them. This AI application enables a subsequent evaluation of hit images of the old systems, which helps to automatically sort out false alarms and prioritize the processes.

With these innovative approaches, Hessen tries to take a pioneering role in money laundering control and takes a decisive step into the future of financial surveillance.