A Trip to the Zoo

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A Trip to the Zoo

• Daniel Kern
• Risk Management
• Quality Productivity
• Bank of America

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Knowledge model

• Knowledge f(t)

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Knowledge block at time t
Can it be known?
Is it known?
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Knowledge block at time t
Can it be known?
Is it known?
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Knowledge block at time t
Can it be known?
Is it known?
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What animals are we going to see? Where are t
he animals? How many elephants are at the zoo?
Is it going to rain? Am I going to be
scared of the snakes?
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Knowledge block before zoo
Can it be known?
Is it known?
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Knowledge block at the zoo
Can it be known?
Is it known?
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Knowledge block after zoo
Can it be known?
Is it known?
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How to apply in thefight against financial crime?
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What is financial crime?

• Money laundering
• Criminal trying to hide the origin of funds by
  passing them through legitimate transactions
  
• Examples
• Avoid government reporting limits
• Activity does not match customer
• Fraud
• Criminal trying to achieve financial gain through
  fraudulent activity
  
• Examples
• Deposit a worthless item, withdrawal real cash
• Identity theft

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Money laundering vs. fraud
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Fighting financial crime
Can it be known?
Is it known?
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Why visualization?

• Challenges
• Large data sets
• Rare events in a dynamic landscape
• Solutions (Wishlist)
• View a large amount of data at once
• Allow quick interpretation
• Highlight the interesting data points

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What is next?

• Use knowledge to solve new problems
• Use the known to lead to the discovery of the
  unknown
  
• Visualization tools must be interactive

!
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Old saying

• Ignorance is bliss.

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We are driving toward

• Ignorance is momentary.