Cash Crime Catcher: Data-driven Defense Against Dirty Money
- evelynlo1
- Aug 1
- 1 min read
Yang Pan, working with the Palau FIU, created a method to digitize PDF bank record, created an AI-powered solution for reviewing compliance reports, added e-forms for banks reporting their information and configured a newly-adopted database system.
The Republic of Palau Financial Intelligence Unit (FIU) is an independent agency established in
2001 to detect, disrupt, and deter money laundering, terrorism financing, and related transnational crime. The TCinGC program has worked with the FIU since 2015, continuing to automate and simplify their processes. This summer, Yang Pan added a new tool that extracts structured cash transaction record (CTR) data from scanned PDF files. He Improved the efficiency and consistency of compliance reviews with a FastAPI based web system with LangChain integration and ensured structured data collection from reporting institutions by introducing digital forms.