Risk Profile Patterns
The paper emphasizes developing a sense of how to go about a risk-based screening approach in terms of different types of data to decrease false positives. An example the paper provides is that PEI, a common Chinese surname, can be mistaken for the acronym of a sanctioned Iranian company, Pioneer Energy Industries. In such a case any other reference to that match in the transaction may be superfluous, the paper points out.
Jonathan Camhi has been an associate editor with Bank Systems & Technology since 2012. He previously worked as a freelance journalist in New York City covering politics, health and immigration, and has a master's degree from the City University of New York's Graduate School ... View Full Bio