Statistical Intelligence Units

CHANCE, 26(1), 16-21 (2013).

13 Pages Posted: 23 Jul 2013

See all articles by Bhojnarine Rambharat

Bhojnarine Rambharat

Office of the Comptroller of the Currency

Date Written: April 24, 2012

Abstract

A brief discussion of the role statistical analysis in anti-money laundering (AML) surveillance is presented. Surveillance monitoring of financial transactions is becoming increasingly complex, required the use of sophisticated automated tools to complement manual efforts in the AML sphere. This article discusses some potential applications of statistical tools to detect suspicious transactions from a population of seemingly innocuous ones. Furthermore, the role of statistical tests to "validate," in the quantitative sense, some facets of automated monitoring is also discussed. The role of statistics (and statistical policy) in AML applications concludes the discussion.

Keywords: Anti-money laundering, Suspicious, Outliers, Validation, Statistical policy

JEL Classification: C10, C12, D81

Suggested Citation

Rambharat, Bhojnarine, Statistical Intelligence Units (April 24, 2012). CHANCE, 26(1), 16-21 (2013).. Available at SSRN: https://ssrn.com/abstract=2296979

Bhojnarine Rambharat (Contact Author)

Office of the Comptroller of the Currency ( email )

400 7th Street SW
Mail-stop 6E-2
Washington, DC 20219
United States

HOME PAGE: http://www.occ.gov/topics/economics/economics-staff/bios/ricky-rambharat-bio.html

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