Do You Know The False Negative and False Positive Meaning ?
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- Опубликовано: 11 сен 2024
- In this video you have learned about the problem of False Positives and False Negative to see how this is impacting the identification of Financial Crime activities across Anti-Money Laundering, Sanctions screening, Fraud prevention and Cybercrime. To get notified about my next videos subscribe today to my channel FinCrime Agent ➡️ bit.ly/2WQxrcT
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Hi sir,can you mention an example of how transaction monitoring actually happens through automation and how reports are submitted.
Thanks
Hi! Thanks for commenting on this video. I have published some content that should help you with the topics you have indicated. I’m leaving you here some videos related to it, let me know if you find them useful 👍🏻
My Guidance on SAR to Boost Your AML Knowledge in 9 Minutes
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What Are the Most Popular Technologies to Combat Money Laundering?
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10 AML Rules that Every Transaction Monitoring Team Should Consider
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How do you dispose these noise- the false positives? Do you go through them one after the other? How do you know they are false positives?
Hi and thanks for commenting on this video. In the context of financial crime prevention, handling false positives usually involves a few key steps:
> Individual Review: Each potential false positive is assessed to confirm whether it's indeed a misclassification.
> Algorithm Tuning: We continually adjust the detection algorithms based on these reviews to improve accuracy.
> Use of Additional Data: Cross-referencing with additional data sources can help verify the findings.
Beside any post processing improvements for false positive reduction (applied using various type of technologies), alerts presented by the system are initially reviewed one by one to understand if the hit is a false positive. Please let me know if you need any more info on this topic. Thanks for watching my videos! Marco
@@FinCrimeAgent thanks for the explanation. Very helpful
@maryanneezeh3975 you are very welcome 🙂 Glad that my videos and inputs are useful.
Hey, In consequences slide, it should be False negative, not False Positive. As there is no negative impact of False Positives apart from draining resources. Thanks
Hi and thanks for commenting here! I was trying to highlight in that part of the video some possible consequences linked to a great volume of false positive leading to missing out on actual risks and true positives. Although I agree with you that false negatives would have the same consequences. I should have better titled that slide. Thank again for watching and for sharing your feedback 👍🏻
Danko means thank you my Man 👍
Thanks for watching! Glad you find it useful 👍🏻