ACAMS Today Magazine (March-May 2011) Vol. 10 No. 2 | Page 20

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