Regulator
SARS
SARS is the South African Revenue Service, the country's tax authority. It uses artificial intelligence systems to detect and block improper financial outflows.
Why it’s in the news: It is in the news for announcing that its AI systems have successfully blocked over R100 million in improper outflows.
Latest on SARS
- How do supermassive black holes grow? AI finds 7 spacetime-warping 'quasars' that could help solve the mystery
- Hong Kong declared Sars-free in 2003 – SCMP archive
- SARS Says AI Has Blocked Over R100 - Million in Improper Outflows as It Plans Wider Taxpayer Automation
- after it was officially declared free of Sars by the World Health Organization yesterday (June 23, 2003)
- South Africa's Revenue Service (SARS) blocked over R100 million in improper outflows using artificial intelligence systems.
- SARS implemented the AI technology to identify and prevent fraudulent fund transfers and tax evasion schemes.
Connections
2 entities linked to SARS across the news graph.