AI Enhances Treasury Fraud Detection

This is a news story, published by Engadget, that relates primarily to Treasury news.

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Treasury check fraud

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The US Treasury is using AI (a vehicle for fraud) to detect fraud

Summary

Nutrition label

72% Informative

The US Treasury Department says machine learning AI has helped detect fraud in the past year .

One-fourth of the $4 billion apparently comes from recovery by "expediting the identification of Treasury check fraud" The Treasury plans to share the technology with other federal agencies, though some have already implemented their own.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

possibly offensive

Hate speech

not hateful