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Content Type: Examples
Tuesday, August 13, 2019
In January 2019 the UK Home Office announced it would collaborate with France to overhaul its regime for suspicious activity reports in order to fight money laundering. In 2018, the number of SARs filed with the National Crime Agency rose by 10% to nearly 464,000. Banks, financial services, lawyers, accountants, and estate agents are all obliged to file SARs if they suspect a person or organisation is involved in money laundering, terrorist finance, or other suspicious activity. The system has…
Content Type: Examples
Friday, December 1, 2017
In 2015, IBM began testing its i2 Enterprise Insight Analysis software to see if it could pick out terrorists, distinguish genuine refugees from imposters carrying fake passports, and perhaps predict bomb attacks. Using a scoring system based on several data sources and a hypothetical scenario, IBM tested the system on a fictional list of passport-carrying refugees. The score is meant to act as a single piece of data to flag individuals for further scrutiny using additional sources such as…