Artificial intelligence agents will be deployed starting Wednesday by law enforcement using analytical tools provided by TRM Labs, which has added new agents intended to allow investigators to use normal language to frame their searches.
The new investigative assistant is integrated with the TRM Forensics service extended to law enforcement, crypto 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 funds without the need for highly technical inputs, thereby speeding up the time-dependent process of hunting down bad actors.
Last year, illicit crypto volume reached $158 billion, according to the analytics firm.
“What we’re seeing every day is that the number of cases is growing faster than the workforce, and investigators are being asked to operate across dozens of blockchains, jurisdictions and typologies simultaneously,” said Ari Redbord, TRM’s head of legal and government affairs.
An AI tool on the investigators’ side, he said, could help overcome “a sharp acceleration in AI-driven frauds and scams,” which TRM data puts at a 500% increase “as criminal actors use automation, deepfakes and AI-based tools to scale operations with speed and precision that simply didn’t exist before.”
