EAII, FIS Partner to Forge AI-Driven Shield Against Financial Crimes

Addis Ababa, January 27, 2026 (ENA) -The Ethiopian Artificial Intelligence Institute (EAII) has entered into an agreement with the Financial Intelligence Service (FIS) to develop an AI-powered system designed to combat money laundering and terrorism financing.

The agreement was signed today between Ethiopian Artificial Intelligence Institute Director General, Worku Gachena and Financial Intelligence Service Director General, Muluken Amare.

The system, which will be developed by the institute within 52 weeks, is expected to enhance the capabilities of the Financial Intelligence Service to identify potential financial threats such as money laundering and terrorism financing.

 

On the occasion, Ethiopian Artificial Intelligence Institute Director General, Worku Gachena expressed his institute’s commitment to developing a system that meets international standards and best practices within the stated timeframe.

According to him, the implementation of AI technology into FIS operations will greatly improve its ability to analyze and monitor financial transactions.

The Director General further noted that by establishing a locally developed AI system, Ethiopia will not only protect its own financial systems but also contribute to broader regional and global security efforts.

On his part, Financial Intelligence Service Director General, Muluken Amare emphasized the importance of AI in analyzing big data and fighting financial crimes such as money laundering and terrorism financing.

The AI system will help utilize complex data analysis techniques to recognize patterns indicative of illicit financial activities; he added that it will empower FIS to respond swiftly to potential financial threats.

The agreement signals a significant step forward in utilizing AI technology effectively and efficiently to enhance financial security measures while addressing the complexities of financial crimes, Muluken noted.