Guest Post: AML Data Quality – The Challenge of Fitting a Square Peg into a Round Hole

2018-04-17T17:35:04-07:00April 17th, 2017|Technical Posts|

As mentioned in my previous articles, traditional rule-based transaction monitoring systems (TMS) have architectural limitations which make them prone to false positives and false negatives: Naive rules create a plague of false positives that are [...]

Guest Post: The Other Elephant in the Room: Defeating False Negatives in AML Systems

2018-04-17T17:35:16-07:00March 5th, 2017|Technical Posts|

False positives have a terrible reputation among anti-money laundering (AML) circles. As mentioned in my previous article on  ending the false positive alerts plague, approximately 90-95 percent of alerts generated by Transaction Monitoring Systems (TMS) [...]

Guest Post: End the False Positive Alerts Plague in Anti-Money Laundering (AML) Systems

2018-04-17T17:35:22-07:00February 12th, 2017|Technical Posts|

Keith Furst is the Founder of Data Derivatives, and has years of experience within a variety of financial institutions including Tier One wholesale banks, investment banks, foreign bank branches, commercial banks, retail banks, broker-dealers, prepaid [...]