Basketballs and Waterfalls: Optimizing Your AML System
Congratulations! You’ve just been made head coach of a major college basketball team and are now responsible for improving their ranking. All anyone will tell you is the number of wins and losses from last year. Based on this information alone, you have one mission: improve the team. Can you do it? Probably not (unless you’re Coach K). Without further information, like current ranking or player stats, your evaluation of your new team’s strengths and weaknesses would be rudimentary at best. Yet, such is often the case when evaluating a Bank Secrecy Act Anti-Money Laundering (BSA/AML) automation system. [7/21/15]
