Re:Automatic fraud detection is making my life hell
by spacebanana7 on Friday October 27, 2023 @06:39PM
(#38044915)
> Stopping crime by stopping money laundering will always have these problems, surely?
Yes.
Money laundering detection inescapably relies on private actors making a pre-prosecution estimate of whether money was earned illegitimately.
Private actors have much less information available to them than real law public sector enforcement.
And even with full information, trials cannot be predicted deterministically so there will always a gap those publicly deemed guilty and those privately deemed guilty.
Those in later category will suffer unjust financial hardship.
Yes.
Money laundering detection inescapably relies on private actors making a pre-prosecution estimate of whether money was earned illegitimately.
Private actors have much less information available to them than real law public sector enforcement.
And even with full information, trials cannot be predicted deterministically so there will always a gap those publicly deemed guilty and those privately deemed guilty.
Those in later category will suffer unjust financial hardship.