Artificial intelligence agents will be deployed starting Wednesday by law enforcement agencies using analytical tools provided by TRM Labs, which added the new agents intended to allow investigators to use plain language to frame their searches.
The new investigative assistant is embedded in the TRM Forensics service extended to law enforcement agencies, crypto businesses and financial firms, and it “translates natural language prompts into complex investigative actions,” TRM said in a press release. A user can request information about the flow of money without needing much technical input, speeding up the time-dependent process of hunting down bad actors.
Last year, the illicit crypto volume hit $158 billion, according to the research firm.
“What we’re seeing 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 for TRM.
An AI tool on the part of investigators, he said, could help overcome “a sharp acceleration in AI-enabled fraud and swindling,” which TRM data puts at a 500% increase “as criminal actors use automation, deepfakes and AI-powered tools to scale operations with speed and precision that simply didn’t exist before.”
