Netherlands’ banks are turning to artificial intelligence to help police combat money laundering efforts, per a draft amendment to the Anti-Money Laundering and Anti-Terrorist Financing Act. Under the amendment, banks would be allowed to share customer payment data and AI-based transaction monitoring with one another, Pinsent Masons Partner Wouter Seinen wrote in a blog post. However, the Dutch Council of State, an independent monitor and the Dutch data protection authority, the Autoriteit Persoonsgegevens, determined the amendment lacked “data protection safeguards” and the final text added more restrictions on the types of data banks can share.