Georgia depositary institutions filed 43,213 SARs with FinCen in 2017, a 204 percent increase over the 14,175 filed in 2013. A few of these SARs may point to actual criminal activity, but most do not. Efficiently locating “true positives” in such mountains of raw data calls for highly sophisticated data analysis. Bayesian reasoning, which rapidly located Air France Flight 447 at an ocean depth of 14,000 ft., can also help zero in on bank fraud. 

Session Information
Session Date:
October 19, 2018
E - Fraud Detection Using Bayesian Reasoning: 2018 Financial Institutions Conference
Individual topic purchase: Selected
Georgia Society of CPAs
Accounting & Auditing (A&A): 1.00
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