Hawk AI has raised a $17M Series B funding round to help its clients detect money laundering schemes and financial fraud.  The company aims to help sniff out a portion of the $2T that is laundered annually but never detected. Sands Capital led the funding round, with participation from Picus Capital, DN Capital, Coalition, and BlackFin Capital Partners. Hawk AI helps enterprises detect transaction fraud, screen their customers, build their customer risk rating, etc. The company has also applied for a patent regarding an AI tool that is able to detect suspicious activity and provide data about that activity in natural language. Its platform is used by companies such as: VISA Moss Bancard, Banco de Brasil Americas, etc. The company is based in Munich, Germany.