Artificial Intelligence (AI) is proving its powers to prevent and detect everything gripping them from routine employee theft, frauds, insider trading and business risks. Many large corporations, business enterprises have been employing AI to detect and prevent money laundering and widespread frauds. Machine learning has been increasingly deployed by social media platforms to block illicit content such as child pornography and fake news. Businesses have been using AI for higher risk management and responsive fraud detection towards prevention and prediction of crimes. The earlier monitoring systems used by the industries need manual interference and are often not cent percent accurate.