Data and Crime Lords: A data-driven approach in addressing financial crime

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Show Me the Data

Relational Insights Data Lab (RIDL) at Griffith University

19 episodes

6 days ago

Show Me the Data is a podcast about evidence-based decision making and the many ways in which our lives interact with and create data. Each episode, your host – RIDL Data Scientist & Partnerships Lead Rhetta Chappell – discusses key policies, barriers and opportunities with industry, policymakers and researchers who use data to inform, monitor and evaluate efforts to drive sustainable, positive change. Show Me the Data acknowledges the Jagera peoples who are the traditional custodians of the land on which we are recording. And we pay respect to the elder’s past, present and emerging.

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All content for Show Me the Data is the property of Relational Insights Data Lab (RIDL) at Griffith University and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.

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Data and Crime Lords: A data-driven approach in addressing financial crime

Show Me the Data

28 minutes 45 seconds

2 years ago

Data and Crime Lords: A data-driven approach in addressing financial crime

SEASON 2 EPISODE 1

Data and Crime Lords: A data-driven approach in addressing financial crime

Hosted by Rhetta Chappell

Conversation with Professor Andreas Chai and Dr Tom Verhelst

According to the World Economic Forum (WEF) financial crimes cost the world around two trillion dollars annually and only one percent of that is ever seized.

Due to the size, spread, complexity and lack of visibility into the bulk of this activity, helping to realise as little as an additional percentage of this problem could reap serious benefits for victims and communities. By providing a sandbox style testing environment to analyse anonymised historical financial transaction data, AFCIC will enable Griffith researchers to use novel and trusted econometric and data science pattern detection techniques to identify key signals within the huge time-series datasets linking transactions and accounts between multiple organisations. AFCIC will then use these insights to develop more proactive, wholistic and sustainable detection and prevention strategies and continually update the training materials for the academy and providing a pipeline of qualified people.

While data provides exciting opportunities to inform decisions which then better help the victims of financial crime, Chai and AFCIC understand that combatting financial crime is a job never done, and one that will require continuous innovation as criminals adjust their behaviour and respond to market restrictions and incentives. If you want to help address this complex issue affecting millions around the world and gain experience working with real-world financial data, we encourage you to check out the Academy of Financial Crime Investigation and Compliance (AFCIC) and enrol in one of their industry leading certifications, diplomas, or micro-credentials. AFCIC is an excellent example of how data can be harnessed, and immense value can be unlocked and used to develop evidenced-based solutions to local and global problems.

If you have any questions or comments, you can reach us on Twitter at @G_RIDL or by email at ridl@griffith.edu.au. Griffith University and the Relational Insights Data Lab (RIDL) are dedicated to building and supporting thriving communities. We believe that the right data, in the hands of the right people, can change lives for the better. We are committed to collaborating and co-designing solutions which address long standing, complex socio-economic problems. If you or your organisation would like to collaborate or learn more about the important work we do, please get in touch. We'd love to hear why data matters to you.

Thank you for listening to Show Me the Data.

Show Notes:

- You can find our website here: ⁠www.ridl.com.au⁠

- More about The Academy of Excellence in Financial Crime Investigation and Compliance an contact information can be found here: https://www.griffith.edu.au/academy-financial-crime