Law enforcement agencies will deploy AI agents starting Wednesday using analytical tools provided by TRM Labs, which added the new agents that are intended to allow investigators to use normal language to frame their searches.
The new investigative assistant is integrated into the TRM Forensics service that extends to law enforcement agencies, crypto companies and financial firms, and “translates natural language cues into complex investigative actions,” TRM said in a press release. A user can request information on the flow of funds without requiring highly technical inputs, speeding up the time-dependent process of chasing bad actors.
Last year, the volume of illicit cryptocurrencies reached $158 billion, according to the analytics firm.
“What we see every day is that the caseload is growing faster than the workforce, and investigators are being asked to operate across dozens of blockchains, jurisdictions and typologies simultaneously,” said Ari Redbord, head of legal and government affairs at TRM.
An AI tool by the researchers, he said, could help overcome “a sharp acceleration in AI-enabled fraud and scams,” which TRM data puts at a 500% increase “as criminal actors use automation, deepfakes and AI-powered tools to scale operations with a speed and accuracy that simply didn’t exist before.”
