tag:blogger.com,1999:blog-29020225.post8601936266837339976..comments2023-11-08T08:32:41.971-05:00Comments on Improving It: Anti-money laundering or discrimination?Phil Ayreshttp://www.blogger.com/profile/14708790980510403134noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-29020225.post-76576883880910736472010-02-10T12:53:21.693-05:002010-02-10T12:53:21.693-05:00James, I hadn't thought about it from that per...James, I hadn't thought about it from that perspective, though what you say makes a lot of sense. It is reinforced by the testimony to the Senate Committee on Homeland Security by Wiecher Mandemaker of HSBC (found <a href="http://hsgac.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=dd873712-eb12-4ff7-ae1a-cbbc99b19b52" rel="nofollow">here</a>). There is no evidence that the industry is doing anything particularly advanced, just picking out its occasional successes.Phil Ayreshttps://www.blogger.com/profile/14708790980510403134noreply@blogger.comtag:blogger.com,1999:blog-29020225.post-12159597842399553822010-02-10T10:52:48.811-05:002010-02-10T10:52:48.811-05:00One of the interesting challenges in AML, of cours...One of the interesting challenges in AML, of course, is that banks are not generally interested in catching money launderers so much a showing that they are compliant with AML regulations. There are many effective techniques, including some advanced analytics, that will catch money launderers but most remain unimplemented in favor of simple rules-based checks that demonstrate compliance with the rules. Remember, it's always important to know what the motivation of an organization really is :-)James Taylorhttps://www.blogger.com/profile/04589456040368641147noreply@blogger.com