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Ethical Implications in Money Laundering Detection

2024· book-chapter· en· W4402027956 on OpenAlexaff
R. McKay White, Alexandra Lyn

Bibliographic record

VenueAdvances in business strategy and competitive advantage book series · 2024
Typebook-chapter
Languageen
FieldSocial Sciences
TopicCrime, Illicit Activities, and Governance
Canadian institutionsMacEwan University
Fundersnot available
KeywordsMoney launderingBusinessFinance

Abstract

fetched live from OpenAlex

The obligation of businesses to submit suspicious transaction reports (STRs) in anti-money laundering efforts is a critical component of regulatory frameworks worldwide. Businesses increasingly look to technology, including artificial intelligence (AI) tools, to satisfy these obligations. While STRs remain a key component of compliance, they raise complex ethical issues involving client privacy and human rights. Employing AI technology in transaction monitoring and reporting processes exacerbates these issues. This chapter explores ethical dilemmas surrounding STR compliance, including the tensions inherent in balancing regulatory imperatives with individual rights. The role of AI in enhancing the efficiency and effectiveness of suspicious transaction monitoring is considered, alongside the ethical risks associated with algorithmic bias, lack of interpretability, and the potential erosion of human oversight. By synthesizing insights from theory and research, this chapter offers a comprehensive framework for navigating the ethical complexities of STR compliance.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesMeta-epidemiology (narrow)
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Other · Consensus signal: Other
Teacher disagreement score0.711
Threshold uncertainty score1.000

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.001
Scholarly communication0.0000.002
Open science0.0000.000
Research integrity0.0000.001
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.017
GPT teacher head0.299
Teacher spread0.282 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

Study designTheoretical or conceptual
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes1
Has abstractyes

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