AML CHALLENGES
Inside the white-collar
criminal mind
(Predictive forecasting or palm reading)
W
hile doing my research for this
article, I ended up going to a
psychic. I wanted to see how
well they could predict my personality. It
seemed the accuracy of predictions had an
unusual correlation to the amount of cash
that I paid. I should have known better, while
doing a card reading he kept asking me, “hit
or stand pat?” The bottom line of course is
there are no mystical or magical methods of
predictive forecasting. However, history is
a great teacher. Analyzing real white-collar
criminals can provide potential leads, clues
and indications of events to come.
your institution and about the opportunity
that you may have unwittingly created that
allowed this to take place.
Part of what makes it difficult to develop a
risk assessment or predictive forecasting
for white-collar crimes is mired right in the
general foundation of its existence. Even
researching the subject becomes cloudy
because there is no single crime called,
At most institutions, we monitor the front
door and are suspicious of strangers (magnetometer, x-rays, pat-downs) and we monitor
the backdoor for incursions (hackers, viruses,
phishers); however, the invited guests, better
known as the employees, rarely get a second
look after the initial hiring phase. Especially,
the higher up the rank structure a person is
the less likely that they will be scruti