<s>[INST] The next text is a question of a member of the European parliament:"In the light of recent money laundering scandals, the correct implementation of, and compliance with, the anti-money laundering (AML) directives is of crucial importance. For both banks and businesses, compliance requires hiring a significant number of AML compliance officers, but Dutch banks, for example, are struggling to find such qualified officers in sufficient numbers. Moreover, the high cost involved, in combination with the current low interest rate environment, puts significant additional pressure on the banks’ profitability and thereby their capacity to lend money to the economy.1.Does the Commission have any estimates of the compliance cost of these AML requirements and the possible negative impact on banks’ profitability?2.The Commission published its white paper on Artificial Intelligence (AI) on 19 February 2020. AI could potentially make AML compliance more cost-efficient. How could AI facilitate the exchange of data and information between governments, banks and the appropriate competent authorities, and what possibilities could it offer for the linkage of IT systems?3.Will the Commission take the possibilities of AI into consideration in its upcoming Anti-Money Laundering Action Plan?"
Analyze carefully the text and assign it to the most relevant policy area among those listed below. Do not explain your answer and return only a number.
Policy area numbers: 1 = Macroeconomics
2 = Civil Rights, Minority Issues and Civil Liberties
3 = Health
4 = Agriculture and Fisheries
5 = Labour, employment and pensions
6 = Education
7 = Environment
8 = Energy
9 = Immigration
10 = Transportation
12 = Law and Crime
13 = Social welfare
14 = Regional and Urban issues and Planning
15 = Banking, finance and domestic commerce issues
16 = Defence
17 = Space, science, technology, and communications issues
18 = Foreign trade
19 = International affairs and foreign aid
20 = Governance and government
21 = Public Lands, Water Management and Territorial Issues
23 = Culture and media
[/INST]. Answer = [12]. </s>
In the light of recent money laundering scandals, the correct implementation of, and compliance with, the anti-money laundering (AML) directives is of crucial importance. For both banks and businesses, compliance requires hiring a significant number of AML compliance officers, but Dutch banks, for example, are struggling to find such qualified officers in sufficient numbers. Moreover, the high cost involved, in combination with the current low interest rate environment, puts significant additional pressure on the banks’ profitability and thereby their capacity to lend money to the economy.1.Does the Commission have any estimates of the compliance cost of these AML requirements and the possible negative impact on banks’ profitability?2.The Commission published its white paper on Artificial Intelligence (AI) on 19 February 2020. AI could potentially make AML compliance more cost-efficient. How could AI facilitate the exchange of data and information between governments, banks and the appropriate competent authorities, and what possibilities could it offer for the linkage of IT systems?3.Will the Commission take the possibilities of AI into consideration in its upcoming Anti-Money Laundering Action Plan?