DSA president, Alison Jimenez, will serve as a panelist at the 36th Cambridge International Symposium on Economic Crime. Ms. Jimenez will present at the “Regulatory Technology Innovation” workshop on September 5th, 2018.
Ms. Jimenez is an economist/data scientist, a software designer and former securities regulator, and appreciates the prospect of technology improving regulatory compliance. She is also the author of “Uncovering Bias in AML Algorithms.” The article highlights the potential for regulatory technology to embed human bias into models.
“The uncontestable nature of AML algorithms is especially important given the legal prohibition on disclosing whether or not a SAR has been filed. A SAR subject has no way of knowing if they were flagged due to a biased algorithm and the individual has no recourse to remove themselves from FinCEN’s database.” – Uncovering Bias in AML Algorithms